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

To: TRINDY who wrote (21248)7/23/2001 2:54:04 PM
From: Zeev Hed  Read Replies (5) | Respond to of 30051
 
I thought that by about 3:00 PM we will be under 2000 and in the process of being hit hard. There is an interesting divergence occurring, and it is actually bullish, while the tic on the naz indicate more stocks sold, the trin indicates more volume going into advancing stocks. It is only a single point, and could be due to the large volume in CSCO, but it is something to watch.

Zeev



To: TRINDY who wrote (21248)7/23/2001 2:54:17 PM
From: westpacific  Read Replies (1) | Respond to of 30051
 
Its called distribution. Smart money selling to the not so smart money. Once this process is done market will become much more volitile.

Just wait and have some patience, but only a fool holds much long with this ongoing.

Trade them long, do not hold im.

West


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