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

To: Justa Werkenstiff who wrote (24621)	8/18/2001 1:34:56 PM
From: Zeev Hed	Respond to of 30051

Hey, I already ate crow on that one. Originally, I had a much more "decissive" inverted W with the 1850 in June another rally and then a test of 1600 in early August. We got the June decline but only to 1973, instead, the market delivered 4 middle legs of that now infamous inverted W, 1973, 1934, 1939 (that fake higher low got HAL and Larry all excited about a resumption of the bull move) and now 1862. At least, I jumped in close enough to each of these mini-bottoms, never "fully loaded" as on January 3rd and April 4th, but "respectable" commitments of cash. You got to be flexible and when they deliver multiple "W"'s assume it is all "George W"'s doing and just try to get in at the bottoms and out at the tops, that is what I have been doing on the last few legs of this multi doulbeued market. Zeev