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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (16569)	5/24/2001 3:48:42 PM
From: James Calladine	of 30051

BRIEFING is priming their subscribers for a few more weeks of gains.... <<<15:40 ET Dow +25, Nasdaq +34, S&P +4.48: [BRIEFING.COM] The indices are rallying into the close. Traders took profits yesterday on a weak book-to-bill ratio for the chip equipment industry and for a potential change in the Senate. However, the orderly nature of the retreat suggests that the underlying tone remains intact meaning the buy-on-the-dips approach should continue to underpin the market for at least another couple of weeks, at which point news cycle is likely to turn rather negative as we head into warnings season....A number of economic releases tomorrow including GDP in the pre-market. Read Briefing.com's preview....Be sure to montitor our Short Stories page for updates after the bell. NYSE Adv/Dec 1535/1504... Nasdaq Adv/Dec 2030/1728.>>> Namaste! Jim

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