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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (17538)6/11/2001 1:28:01 PM
From: ajtj99  Read Replies (1) of 30051
 
I agree this bounce has been pretty anemic. It appears to be setting things up for another major drop tomorrow.

I don't see any support between 2150 and 2095. It may follow that 2095 may be the point at which we hold tomorrow, and Wednesday could be the re-test of 2078/2057.

Lots of the NDX stocks are near or under Max Pain, so it appears likely we'll hit 2150-2160 Friday if we visit the 2057-2100 range.

I agree that the odds favored a bounce, but I think McVeigh and Japan put a damper on the whole day.
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