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

To: Zeev Hed who wrote (29104)9/28/2001 4:24:24 PM
From: LTK007  Read Replies (1) | Respond to of 30051
 
<Despite the feds lowering rates again next week and Congress opening its Kimono on a stimulation package?>let's say if those events Don't do a near term rally trick event be ready to flee Zeev:) I can't over a 2-week period think we head down in view of the events you anticipate are most surely to happen---but a flattish response would be a red alert,imo.Beyond near term,i remain bearish,simply because i don't think those rates cuts and stimulus packages as being effective in what i see as a potential perfect storm scenario.
we will see in the months ahead.Max



To: Zeev Hed who wrote (29104)9/28/2001 4:34:31 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 30051
 
Seems to me the NAZ action was quite bad today. Pullback Monday looks highly probable.



To: Zeev Hed who wrote (29104)9/28/2001 6:43:12 PM
From: baystock  Read Replies (1) | Respond to of 30051
 
Zeev,

Read the following on another thread:
"AAII reverted back to only 22% bears. 51% bulls."

Have you considered that this kind of sentiment reading may not be indicative of a bottom ? Or is the AAII number not that important at short term bottoms.

-Ram


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