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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (22927)	8/5/2001 3:36:41 AM
From: Mike M	Read Replies (1) of 30051

I am not sure where he has been, the DOW has rallied from 9100 to above 11,000, certainly the 20% he was maxing at and the Naz has rallied from 1600 to 2300, an even greater bounce of more than 40%. I think you missed it Zeev. Jeremy is referring to the S&P and is talking about running back up to 1400-1500 area beginning right away. I don't think he makes any statement about the growth laden NAZ returning to old highs but he does see the large caps (INTC and MSFT) in the rally. Then next year the bottom falls out. That doesn't match your scenario which calls for a bottom near term and a rally next year.

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