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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 4rthofjuly007 who wrote (12896)	12/13/2001 10:20:56 AM
From: bobby beara	Read Replies (2) \| Respond to of 99280

Well all those indicators are very nice, but price is the final decider - the ultimate indicator, and today is the first day that nasdaq has broken the bullish channel, people who have been ignoring all those ancillary indicators and been following the trend have been making money and those who have been trying to pick the top have been wrong, playing the short side, other than trying to get a scalp has been wrong, now that we've broken the trend, the failing rally is where traders should start placing shorts. and i'm not so sure that we are going to hell in a handbasket like your hero heinz sezs anyway. the put/call ratios in the last few days have been pretty extreme, the kind we've seen closer to bottoms than tops. b