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


To: Sully- who wrote (16841)5/31/2001 2:03:39 PM
From: Zeev Hed  Respond to of 30051
 
Yes, but he forgets to tell you that such high trin reading s occur in major bear trends, and when appearing so soon after a major move up, it indicates a trend change, even though, the immediate very short term result of the excess reading is a short term rally. I just jumped out of NEWP here at around $32.50 for less than $.75 profits getting me back to 56% cash. At least today's gambit had no casualties (g).

Zeev