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

To: Zeev Hed who wrote (28965)	9/27/2001 6:07:08 PM
From: TREND1	Read Replies (1) \| Respond to of 30051

Zeev "the 4 Q" are BRCD BRCM JUNP QLGC What are "the 4 Bio" ? (1) Move with BBH like QQQ (2) Big Vol (3) Big Volatility (4) Etc Larry Dudash

To: Zeev Hed who wrote (28965)	9/27/2001 6:14:14 PM
From: Crimson Ghost	Respond to of 30051

Zeev: I suspect the NAZ will not lead the next bull. The leaders in one bull almost never lead the next one. But did pick up a little QQQ nonetheless because I see a good bounce..

To: Zeev Hed who wrote (28965)	9/27/2001 6:47:25 PM
From: westpacific	Read Replies (2) \| Respond to of 30051

Sorry ZEEV, that long call is not a done deal. First of all the one year channel on the April low was able to find a bottom, not so this time. The NAS is at major risk in the short term, and thus I see no big rally. The lower channel on the NAS now stands at 500, however we do not go straight there. But with a channel of 1700 and 500 - how can one bet long when we stand near 1500. (There is massive downside risk to the NASDAQ) Answer - one cannot. Lets see if we can make some sort of channel break first. That just has not happened. Then maybe we can call for some meager rally. However in this environment and based on the technicals being long overnight on a hold is just suicide. Bottom fishing even on a daily trading basis is just not good for ones health. It can be done, but you had better be a fulltime player, if not stay away. All the best West

To: Zeev Hed who wrote (28965)	9/27/2001 7:32:35 PM
From: Clappy	Respond to of 30051

How do you arrive at your target market levels and time frames? I'm not doubting you. I generally pay attention to your calls. I'm just wondering if you might post a chart or something with detailed reasons as to why you arrived at these predictions. Thanks.

To: Zeev Hed who wrote (28965)	9/27/2001 8:00:55 PM
From: Sam	Respond to of 30051

Here is a reminder of what O'Neill suggested, that today was the day to watch: Message 16417232 Excerpt: <<According to O'Neil's rules, a market bottom is easy to spot. Wait for a big market rally on higher than average volume - the kind we had on Monday. Ignore the subsequent two trading days - Tuesday and Wednesday. Then, start looking on Thursday and for the following week for signs of a second rally attempt. According to his rules, trading volume on the second rally has to be higher than the 50-day average, higher than the previous day's volume, and it must produce a rise on the Dow, S&P or Nasdaq, of 2 percent or more. "We consider that as a second attempt to show strength coming up from the bottom," O'Neil said. He says he's used the system for more than 30 years to call major bottoms in the past, and it hasn't failed.>> I don't know how he would look at today's reversal. Maybe he'll say in tomorrow's paper.