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

To: ajtj99 who wrote (27797)	9/17/2001 8:13:03 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Two instances is not exactly what one builds statistics of. Particularly since we had no prior occasion where the market was closed for four days prior to today (just no "prep" for the capitulation). Without historical precedence, it is very difficult to make a strong case one way or another. I think it is more likely that we have a week, maybe two of an advance, before we establish the real bottom with the "desired" string of numerous -1000 tick. Right now, however, we are in an area, in pricing at least, where we could see a strong rally evolve. Zeev