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

To: Mike M who wrote (15344)	5/2/2001 5:27:46 PM
From: gold$10k	Respond to of 30051

I agree with you, Mike. I was tempted to short NDX but it felt too early... need more evidence.

To: Mike M who wrote (15344)	5/2/2001 5:36:05 PM
From: JRI	Read Replies (1) \| Respond to of 30051

Mike M- I'm interested about your comment "stochastics are not overbought"....because the sites I follow indicate that they are overbought here.....almost (but not quite) to the levels of March 2000....so what are you looking at (to say we are not overbought here?) 37%+ in a month (today's high vs. April 4th low) on the COMPX....that's the largest/quickest rise I can see ever on any Naz move....even if we are going higher.....some churn or rest or down makes sense, no? Is healthier too...