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Strategies & Market Trends : Steve's Channelling Thread
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To: anandnvi who wrote (3925)8/1/2000 7:10:01 PM
From: Zeev Hed  Read Replies (1) of 30051
 
I think that after a mild 30 minutes to an hour rally in the morning (if lucky), we will resume the decline later in the day, by late this week early next, I could see us fighting the next Maginot line (I have about 3430 for that one). It will be critical, IMTO, for stocks like AMAT, LSI, LRCX to hold the May's low (I have low probability of these holding), we are within "shouting distance" of these. If they do not hold, we could be down 150 NAZ point in one day before the end of the week.

Zeev
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