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


To: Zeev Hed who wrote (16768)5/30/2001 11:35:59 AM
From: Jeff Guy  Read Replies (1) | Respond to of 30051
 
Zeev, I think this swoon could take us into Friday or Monday. I am retaining a high % of cash until the COMPX shows a base. 3 month Williams %r shows a pretty steep decline, maybe more to come.



To: Zeev Hed who wrote (16768)5/30/2001 11:55:37 AM
From: r.edwards  Respond to of 30051
 
""
Let’s briefly discuss the fact that we’re in the worst six-month period for market advance. The May-October
timeframe has produced very low returns over a 50-year period. May started well and is now
turning messy – particularly for NASDAQ. If I’m right and we’ve seen the lows, then a trading range is a
real possibility once the low side is defined – in other words ?-11400!! In order to go long, the market
must go out real strong!!""
from

RJF,Ralph Bloch



To: Zeev Hed who wrote (16768)5/30/2001 12:34:21 PM
From: Sabrejet  Read Replies (1) | Respond to of 30051
 
Zeev, I don't think that is such a good idea here. Nothing ever goes straight down but the type of short term technical damage being introduced here is not healthy for any bull run.

I say we retest 1850 by July 1.

Sabre!