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

To: Zeev Hed who wrote (17819)6/13/2001 4:30:12 PM
From: Nancy  Read Replies (1) | Respond to of 30051
 
zeev,

you are absolutely right. the bounce we had is all from the extreme p/c yesterday - p/c >0.9 in the morning, and naz trin went >3.5 and already >2.5 day before - other than in that severe downtrend back in feb/mar - usually such reading would produce a bounce. what i dont like is this bounce just made it back to fill the morning down gap and promptly gave back 73% of it. that is too much to give it back in fibo term.


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