Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: JOHN N. who wrote (19531)	7/2/2001 8:37:08 AM
From: Zeev Hed	Read Replies (2) of 30051

John, you must have not been here Thursday morning, when the turnips gave a short term buy signal. They do reserve the right to be wrong, change their mind and change it often. I do not have a date for a top of this move, and July 5th actually might be a local bottom (I doubt, however that it will bring us much under 2100). A breach of 2078, will once more change the turnips to a more defensive stance. Right now, I am at only 16% cash (consider this almost "fully loaded"), so I will be doing a little pruning today and some reshuffling depending on specific situations, but expect to be under 30% cash untilI I see real signs that this mini rally is coming to a end. I have a target of 2250 to 2300, with a max of 2388. It the latter number is breached, we may be for a surprise upside. Zeev

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