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


To: TREND1 who wrote (15737)5/12/2001 2:58:33 PM
From: eichler  Read Replies (1) | Respond to of 30051
 
Larry,
You are right about that trendline, it is very interesting how that trendline held. Also, the succession of red candles
looks ominous.
Are you more cautious now or do you feel that this latest advance is taking a breather?
Thanks and regards,
Eichler



To: TREND1 who wrote (15737)5/12/2001 3:36:15 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Larry, not looking bullish at all, despite the trin going to 9.00 or so on the opening just few days ago, that is why I don't use the absolute value of the trin for either buying or selling, but extreme reading for some time.

Zeev