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

To: Zeev Hed who wrote (17190)	6/6/2001 2:02:35 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 30051

Zeev: It is my understanding that Hays is focusing on the broader market -- the NYSE. He is convinced of more strength in large part because of the ten day arms reading he got at 1.30 last week. So he sees more strength ahead based on this reading. But, on the other hand, I thought it strange to get such a reading at this point in the rally off the lows. Frankly, the oversold readings in the broader market confused me enough and/or led me to think that there may be an upleg so I closed out my shorts.