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

To: Zeev Hed who wrote (19818)	7/5/2001 7:21:38 PM
From: LTK007	Respond to of 30051

<For markets to go down, fear must increase, not just be at a low ebb.> yes,but the low ebb is the red flag zone,so one can say the turning is imminent,though one can't date the day precisely,in general.max p.s.,we are talking the Vixes here:)

To: Zeev Hed who wrote (19818)	7/5/2001 7:23:37 PM
From: TREND1	Read Replies (1) \| Respond to of 30051

Nasdaq H&S now predicting min move to 1925 geocities.com Larry Dudash PS: H&S are correct about 80% of the time.

To: Zeev Hed who wrote (19818)	7/5/2001 7:25:30 PM
From: eichler	Read Replies (1) \| Respond to of 30051

I figured as well as you did in the early part of the rally 6/20-7/2...that you must have come out ahead. Lot of fancy footwork though...ggg The reason I would not play the rally is the chart pattern (H&S) looked like the writing on the wall for nasty stuff I did not care to participate in. Don't like shorting so I'd rather sit on the sideline when the market is tanking. Here is a link to the compx chart and what I was focusing on... Message 16034882 The "picture" explains better than words.... Regards, Eichler