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

To: westpacific who wrote (26586)	9/8/2001 12:30:10 AM
From: Boplicity	Respond to of 30051

thanks, personally I like that it's happening fast, and vol. is picking up, death by a thousand cuts doesn't prove anything other then prolonged torture. I don't like that I still can find stocks that are breaking out to the upside or haven't join in yet. I would like it better if everything was moving in unison. I want to see MSFT and INTC testing the lows and I would like see stocks not moving down on negative news before I could be as bold as you. You have to wonder about all the funds holding all those shares still. When will they sell? Then there is earning warning season and then actual earnings to get through. It would seem sometime after Oct. the market will be flushed out. B

To: westpacific who wrote (26586)	9/8/2001 10:15:19 AM
From: John McCarthy	Respond to of 30051

like your posts but wouldn't know a vix if it bit me in the ass .... passing this on ..... I know you understand it. could you give me english translation ....????? bearforum.com I swiped this from the TA Trader thread post #24987 John McCarthy

To: westpacific who wrote (26586)	9/8/2001 12:32:44 PM
From: The Freep	Read Replies (1) \| Respond to of 30051

Westie -- nice call during this downswing. Just a comment on something you wrote: <<In addition the ARMS index alert of 2 days not seen since 1987.>> From everything I read, that ARMS index alert, historically, predicted a bottom by this Thursday, with a rally of 16% to follow. Now, there's nothing to say that we don't get the rally later, and in a revisionist move we say "actually, after that alert, the market will bottom within X days" where X proves to be our local bottom. However, all those who pounded the table using that signal and its historical predictive powers were wrong. I also agree, though, that that signal probably still presages a rally -- but heck if I know when it'll happen and how high it will go. Oh, and I believe that the ARMS 10 dma signal (which also called for a bottom) still has a few more days in its window, so maybe one of those signs will be right. the freep