Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Logain Ablar who wrote (15422)	5/4/2001 1:24:53 PM
From: TREND1	Respond to of 30051

Tim I do not know if you are on my free email list and therefore see the regular chart updates. During the last few weeks my web site showed a chart of the Nasdaq and stated on that chart: Must buy with sell stops (given on Apr 12, 2001.) Here are my reasons: (1) Historically bear markets last from 9 to 24 markets. (2) Mar 2000 to May 2001 is 14 months. So time to be bearish is running out so to speak. (3) Fed is lowering interest rates. Bullish (4) Traders, brokers, funds, etc can control the action on the daily and weekly charts, but no one is big enough to control the action on the monthly chart(IMHO). April closed on it's high and May 2001 has a higher high. Bullish (5) Markets look ahead 6 to 9 months, so today's bad news is totally useless. (6) Finally, what would change my mind? A nasdaq trade below 1619(April 4,2001 Low) Hope that helps Larry Dudash