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

To: Zeev Hed who wrote (27847)9/18/2001 2:27:39 PM
From: brightness00  Read Replies (1) | Respond to of 30051
 
Zeev,
Any thoughts on the rest of the day? I unloaded shortly after 1pm when I realized today's lunch time rally wasn't going very far; I ended up selling a little early, but better cautious than sorry. What's up with this market in the last 30 hours or so; every retrace/retest fails at support, and every hint of lower high gets taken to the dog house. Where is the PPT? The temptation to short is tremendous.

Jim

ps.
Will today's NAZ TRIN lead to a TRIN-reversal on the multi-day averages?



To: Zeev Hed who wrote (27847)9/18/2001 2:30:20 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 30051
 
Zeev: Re: "...the Sox is simply joining the Naz in breaching the April lows."

Agreed, but one would have thought in a "true" short term bottom that Sox would have been done its work yesterday. NDX flat and Sox down 3% is not a common occurrence.


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