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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (15327)5/2/2001 5:07:41 PM
From: Mike M  Read Replies (2) of 30051
 
The Big Boys have been doing a pretty good job of not showing their hand. I had hoped that we bounce off of the 2250 today and headed sharply lower. But, NO... We have another day to wrestle with this puppy. Maybe manana.

Tomorrow should be very interesting. If we break through 2250 then it would appear next major resistance is the gap at 2600...Stochastics, at this point, are not telling us that the move is over.

I can't quite figure out what fundamentals would warrant stocks higher, at this juncture, but it doesn't appear that is necessary. Cash is cheap and momentum is fun, WHEEEEEEEeeee.
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