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

To: stockmarket14 who wrote (22671)	8/2/2001 1:23:46 PM
From: Dalin	Read Replies (1) \| Respond to of 30051

Zeev did draw a good line there. I'm betting the other way, though I'm liking Larry's channel stuff better and better these days.<g> Too bad I can't watch the fun any longer. Gotta go. I set some stop losses and limit orders. Ya'll have a good weekend....uh...Thurs, Fri and weekend! Thanks fer the thread. No more clogin it up. I'm outta here. :0) Ramblin

To: stockmarket14 who wrote (22671)	8/2/2001 1:33:33 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

A battle at the Zeev line indeed. We are currently three points below it but still in the upchannel. So on a channelling basis, I am a bull, but on the box basis (or u could call it the longer term channel) I am a bear. I would prefer to see both indicators in agreement - on volume - before I make my bets for today. Edit - QQQ and comp just broke below the upchannel. Volume confirms becuase we had a lot of vol this am yet we are below yesterday's close. Buying puts...