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


To: TREND1 who wrote (15421)5/4/2001 12:59:05 PM
From: Logain Ablar  Read Replies (1) | Respond to of 30051
 
Larry:

I remember last year your posting the NAZ coming back and at least piercing its 200 day average (it was still above at the time). I can be mistaken on whether it was the 200 or monthly trend. Do you still have the chart (updated of course)? I'm wondering if we are approaching the trend from the bottom and what level we need to reach under your analysis where the bear is over.

I'm still with Zeev and Justa that we are only in a bear market rally and until a sucessful retest preservation of capital should weigh much more heavily (it always is there) than the greed factor of going for profits.

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