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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (15316)	5/2/2001 1:22:26 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

It could very well be. That remind me how the media always call these moves, when there is a sell off after a run, it is never "resumption of the down trend" it is always "profit taking". When there is a move up during a decline, it is never a major counter move rally, it is "bargain hunting". If the consolidation holds above 2080, it could very well be just that, but if 2080 or so get breached, I would call it a resumption of the down trend, or at least a "retest" of the lows set in late March. In the meanwhile, hoewever, not seeing any oomph in the bu$$ agot out at a very minimal profit, I'll see how it handles a real Naz "consolidation" here. (g). Zeev