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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (109)	1/17/2000 9:37:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

A number of things. The Feds, the fact that the 30 years bond seems to factor 50 basis point rise by the feds, the fact that we had a tremendous move in the last six weeks, the fact that I had mid January roughly as the peak for this move, the fact that it is expiration week and the MM's are bleeding and thus will have to do something to limit the damage comes Friday, the fact that the SOX is now starting to behave like the DOT, but the SOX still represents a cyclical industry, and is currently at twice what it was at the last peak, but shipments are barely going to reach 30% above the last peak and many others, including oil brushing against $30 and despite that gold being moribund. Zeev