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

To: Mike M who wrote (16657)	5/26/2001 12:31:42 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Mike, what do you see there that will cause such a spirited rally? Earnings are out and in the next two three weeks we are going to go once more into warnings season. Sizeable rallies do not start usually with sentiment indicators in the tank, unless there is a special trigger. We have had two "brushes" with the 2250 area on the way down, and in both cases held above, but Friday close barely made it.With VIX, VXN all very close to extreme lows as well as a very bearish equities P/C ratio, I have only the "don't fight the feds" argument on the bull side. Zeev