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Strategies & Market Trends : Steve's Channelling Thread

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To: GTC Trader who wrote (17441)	6/8/2001 3:39:45 PM
From: Zeev Hed	Read Replies (2) of 30051

Actually, I am quit surprised of the market resilience here, it did not collapse in the last hour as I feared it might. The same with CRA, it has very strong support in the $44 area, and it is showing some very nice resilience. That target of $38, assumes that we will break through the major support at 2052 some time in the next two months before we embark on a major bull move, if that does not happen, I am not so sure that that target will be reached. Zeev

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