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

To: GTC Trader who wrote (974)	4/12/2000 3:37:00 PM
From: Zeev Hed	Respond to of 30051

Happy, it seems that the money from Japan is staying there, for the time being, right now the supply of stock from unlocking seems to overwhelm the demand by excess liquidity. My bet is that by the end of April we will be higher the current 3800, but it will be just a bounce and right now I am contemplating if our next target down should be 3400 or 3200. Cash is really the best here, unless you are a raider. I was hoping for a bounce into late April driven by earnings and liquidity, but MOT's report was "ungly", and others do not seem to be much better. Zeev