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

To: TREND1 who wrote (19956)	7/7/2001 11:49:55 AM
From: Zeev Hed	Respond to of 30051

Larry, as I said, not a single set of "indicators" are sufficient, you probably will want to see at least three consecutive days with an excessively negative Tic on both the Naz and NYSE, equities, P/C ratio going above 1.00, new lows overwhelming new highs by a margin of at least 5:1. In August 1982 it took seven consecutive trading days with not one new high on the NYSE to signal t me an end of that multiyear bear move I do not expect that to happen this time, maybe in the third main bear move in 2005? Zeev