Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (17458)	6/9/2001 2:06:17 PM
From: Fiscally Conservative	Read Replies (1) of 30051

Zeev "Yes, it does look as the late May early June lows just under 10800 could provide some support next week, but frankly, if we breach that (and I think we might), then there is nothing stopping us to the 10250 or so." What catalysts do you see creating this scenario.? I see the Dow has done a remarkable job in self-sustainment. Could it be that because of extreme liquidity the Dow may not behave this way. The Russell 2000 is leading this market and should continue to do so. I wonder if a late summer wash-out is really what this market wants.

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