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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (157)	2/8/2000 9:10:00 AM
From: Zeev Hed	Read Replies (2) of 30051

Steve, I jumped back in yesterday into CYMI at $63.5, by the way, I think that the dow is in the process of putting here a double bottom at around 10,800. It is strange that such strength will be around when the Fed's have gone through four consecutive tightening move, but the "liquidity" forces must overwhelm the interest rate forces, apparently. I had the decline continuing for at least another week or two, but the Naz surely is not listening, and I believe that the DOW will now turn up again. We might see the SOX above 900 soon. Zeev

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