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

To: Mike M who wrote (16665)5/26/2001 5:08:07 PM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
Mike, I think that our disagreement is due to the fact that give more weight to the extreme reading we got on P/C ratio last week (at .4 early in the week), and sinced then that parameter has turned up a little(thus setting a "bottom"), now, if we make an even lower low on the equities P/C ratio, yes another run (still limited on the upside by 2388) could be feasible. Right now I do not see a catalyst for another pump phase.

Zeev


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