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

To: Zeev Hed who wrote (19715)7/5/2001 9:23:48 AM
From: TREND1  Read Replies (1) | Respond to of 30051
 
Zeev
Today could be end of June 19 "up channel",if today's action pulls outer channel lines away from the data.

Will post chart if that happens.

Larry Dudash



To: Zeev Hed who wrote (19715)7/5/2001 9:58:29 AM
From: mishedlo  Respond to of 30051
 
Once again we see Dow tic count at +300 or better with trin at 1.25 or so.

Not sure if we can make much of this on a light day.
So far not much bounce and we already breached the opening low on the Naz.

M



To: Zeev Hed who wrote (19715)7/5/2001 4:40:02 PM
From: ig  Respond to of 30051
 
H &S pullback to the neckline is still in play:

dtraders.com

Previously, I had thought the rally to the neckline would top in the 2130s. However, it came later than I thought (I was thinking June 25-26); farther along the ascending neckline and therefore a little higher in price. Also, it overshot a bit on the strength of the MSFT ruling.

Still short SEBL QLGC VRSN and a few others that are responding to this pattern....

ig


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