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

To: orkrious who wrote (2174)	6/6/2000 11:06:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Jay, when I express myself almost daily on where we go, I am bound to err quite a lot. Since we did not climb above the 3900, I think that we will have weakness early tomorrow (after a brief 30 minutes mini rally), probably probing the top of the gap between Thursday and Friday (about 3730), which will probably not hold, then Thursday and Friday, we will probably be busy filling that gap, meaning a potential drop to 3580 or so, with a stronger close on Friday. I am not sure we are ready to test the gap from ealier last week to 3400, until later this month. However, if that gap is tested and breached, my assumptions about a max downside over the next two weeks at 3400 will have to be revised. Whatever happen (except a breach of 3400) I still think that we are within two to three weeks of the "last" buying opportunity before the "race" starts. Zeev Zeev