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Strategies & Market Trends : Steve's Channelling Thread
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To: JRI who wrote (13234)3/19/2001 10:56:55 AM
From: Zeev Hed  Read Replies (1) of 30051
 
Actually, I thing he'll do only 50 and that will get us a panic bottom. Thia however will lengthen the time through which he can be "accomocative, and allow the market breathing room on the upside. If he spend all his ammunition now, what will h do for an "encore"? His job is to support market psychology so we do not get a meltdown, and for that he needs to, from time to time, ease, over a period, not all at once.

Zeev
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