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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (18142)6/16/2001 12:52:57 PM
From: ajtj99  Read Replies (1) of 30051
 
Actually, Zeev, I think you guys are almost in agreement about the low if it comes in October.

With the weakness in the network infrastructure business as well as other sectors, a bottom in October appears to have a better than 50-50 chance of happening, IMO.

If the bottom happens in October, I think you'd have to give 50-50-odds to a 1400 bottom. I think what he's saying is that we're gradually dropping to an October bottom, calculating the Fib retraces at 50% to maintain the drop.

If we have an October low, it might develop as 1850-2050-1636-1850-1600(1400).
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