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

To: Pierre who wrote (22878)	8/3/2001 4:23:55 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

I still do not think that we are embarking on any big upmove here. Once again (as it was last tome we fought at the Magino line), we get this divergence between a strong tic and a very weak trin, new highs on the naz already contracting, and the volume, well...the same with the A/D. Note that there were only 300 more declining than adancing stock, but the up volume was aboslutely trounced by the down volume. The only "positive thing", is a slight increase in the equity P/C ratio to .68, still far from a bullish reading. Zeev