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

To: Zeev Hed who wrote (24608)	8/18/2001 11:24:06 AM
From: westpacific	Respond to of 30051

Important rule on oversold in a bear market: By the way, according to many methods the market is now "oversold." The bear laughs at oversolds. The bear eats oversolds for breakfast. Never forget this. West

To: Zeev Hed who wrote (24608)	8/18/2001 11:28:36 AM
From: westpacific	Read Replies (2) \| Respond to of 30051

Zeev - more important now to play the indivdual chart than the overall market swing. As for Monday, I would not want to be short semis, BRCM, XLNX, NVDA, AMAT. Nor would I want to be short any big cap tech. Or loved plays like a QCOM. Right now shorting NYSE and non tech NAS is were I see the action until the bounce has topped out. It is important to dig deep, find the plays that no one else is watching, look for the top and overbought condition and go after these on the short side. Be very careful being short any oversold stock. All the best West

To: Zeev Hed who wrote (24608)	8/18/2001 11:39:58 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 30051

Zeev: In all fairness to Hays, this has been a difficult market. Interestingly, Hays had a bear countertrend rally scenario earlier much like the Nikkei but abandoned it when the ten day trin bell rang and he went bullish. I guess the bell rings twice at least in trin land as it is ringing now once again.