Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: orkrious who wrote (14436)	4/16/2001 6:16:22 PM
From: Mike M	of 30051

If cycle guy called Thursday a high and expected a one day correction then Monday would constitute the low for this (one day) move...I doubt it will be the intraday low after CSCO's warning but, what will be important is how the market closes tomorrow...and, anyway, they always allow themselves a plus or minus one day leeway which tends to negate the value of all this cycle gibberish in the first place... The last time I made money on a cycle was that bike race with Bobby Keller back in the first grade...or I would have if Bobby had paid up...

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