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

To: Bosco who wrote (891)	4/6/2000 11:05:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Bosco, a retest is usually 4 to six week after the break down, that is why I think we have more rally coming here, the 50% retracement would be around 4390, which I think will be achieved and I expect the top of this bull move at 4570 or so, if we close above 4600, we may not have much of a retest, IMTO. Right now, the likelihood of no retest is very low. So I am positioning myself for a two three weeks rally and then will get out later this month. Remember there is a lot of money trying to find a home in the next two weeks. Zeev