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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (24331)	8/16/2001 8:57:32 PM
From: Jerry Olson	Read Replies (1) of 30051

Larry we broke a triple bottom on the NAZ to day below 1900..same for the QQQ's below 39...and the NDX as well.. however..the SOX--SPX--DOW all held support..a 50-50 tie.. i await the next best move...my guess??? up after the FED... as long as the SOX does not break 540 at 520..or the SPX hold 1165-70 and does not break 1160, and the Dow holds 10,150..we will move higher short term... but hey....i hate to speculate, and would rather "follow" the freight train, like in Cabooose...guessing never works..ever... regards OJ

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