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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (17927)6/14/2001 1:42:00 PM
From: Jdaasoc  Read Replies (1) of 30051
 
Zeev:
I do not see measurable bounce. The keep watching BKX bank index and it has breached not only 30 MA on MOnday but 50 day by yesterday's close. I see to many worries about debt writeoffs. I would have expected some rotation from financials into techs but that in not in the cards this time. They all going to go down this time.
I agree totally with you about breaching these levels but I think they will come either sooner or steeper than one would imagine.

john
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