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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (18130)6/15/2001 4:34:34 PM
From: Zeev Hed  Read Replies (3) of 30051
 
Tuesday was barely down and relieved some over bought, yet, I would agree we should expect a minor bounce Monday, only because we closed down for the day on the Naz. I was expecting a close a little up (barely changed but positive). The sell off in the Dow late in the day should be considered part of the "veil removal I suggested few days back, now it is quite clear we have strong selling there. It is not going to happen at once, but at the latest, we start down very sharply, IMTO, by Wednesday afternoon. It could happen as early as Monday...Black Monday anyone?

Zeev
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