Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rfisher who wrote (2525)	6/18/2000 12:47:00 PM
From: Bosco	Read Replies (1) \| Respond to of 30051

Hi all - and happy father's day to all the daddies :)! Here is the thing. Both the Dow and Naz are behaving as they should on triple witching, i.e., it was a trending continuing event. Therefore, is it possible that while the Dow, especially the financial and old economy components, will continue to tread water until next week while Naz may continue its advance, albeit with a terrible A/D ratios? Not sure if it is wishful thinking :), it is also possible for the summer rally to commence before FOMC, since the worst, 25 bp hike, is priced into the market? best, Bosco

To: rfisher who wrote (2525)	6/18/2000 1:53:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Robert, at this time SCON looks like a better bet (it does not have lock up expiration next week), but in answer to you question, I think that in a very bad market, we could go back to single digits on CDTS. My "real" targets were $11/12 and $22/24 for CDTS and SCON respectively, but do not be surprised if these are breached. Condition for a breach of these numbers (and reassessment of my turnips' summer rally thesis) will be a breach of 10300 on the Dow, and we are pretty close. Zeev