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


To: Zeev Hed who wrote (17691)6/12/2001 4:05:28 PM
From: xcr600  Read Replies (2) | Respond to of 30051
 
How about holding the Dow together till they get the Kraft ipo out the door? Would be a major boondoggle having to cancel that one due to poor market conditions.



To: Zeev Hed who wrote (17691)6/12/2001 4:15:30 PM
From: James Calladine  Respond to of 30051
 
ZEEV (AND OTHERS) OPINIONS PLEASE:

What is your opinion of the chart of MRVC?

After a rally like today, providing the NAZ 100 futures are up, it will typically gap up to perhaps $10.20 or so, then be taken down by 20 minutes into they day to say $9.90

After that it usually tracks QQQ fairly directly except that
it almost always lags up-moves in the QQQ by as much as 30
minutes, before catching up.

If the QQQ moves down, however, MRVC moves down RIGHT AWAY,
and more extremely than the QQQ move.

Opinions?

Namaste!

Jim
I have a long term position, but like to trade the daily moves, which works OK PROVIDING you are long on rally days
and short on selloff days. So you have to be pretty clear on the direction of the move you are participating in.



To: Zeev Hed who wrote (17691)6/12/2001 9:49:53 PM
From: Rich1  Read Replies (1) | Respond to of 30051
 
Cycle guy has an intermediate high on the 14th...
So far he has been pretty right on the money...



To: Zeev Hed who wrote (17691)6/13/2001 11:17:38 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 30051
 
I believe that the Dow is held artificially high, and anytime could collapse hard, bringing with it other markets. <<

Hi Zeev,

This is something that has puzzled me for a long time. I agree with you, but would like to hear your take on how this is accomplished. The Dow is the marquee name for the market and it would seem to me that in the interest of maintaining "calm" as the broader markets continue their descent, the Dow is propped up.