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

To: Logain Ablar who wrote (3813)	7/29/2000 6:01:31 PM
From: Zeev Hed	Respond to of 30051

Tim, I do not see any support to about 3400, and frankly, we could develop some very sharp downside momentum, now that the fuel for the "defunct" monster rally (excellent earnings, which we had) has been dissipated. Frankly, i think that we are running into another Asian flu here. The Nikei looks like a disaster and if we breach the May lows (15870 or so intraday) tomorrow, I fear that the 2950 I originally had for the mottom will come through sometime before the end of September. Well, let see how 3400 holds. By the way, other Asian markets are going into free fall as well. Zeev