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

To: U.B. Green who wrote (4279)	8/11/2000 7:56:55 PM
From: Zeev Hed	Respond to of 30051

I think possibly less than two weeks, the way I see it, the current market rally is anticipating no fed action (some people are talking foolishly, IMTO of easing <g>) come August 22, I think that when the news is out, the current euphoria will be replaced with another setback, but I really do not see heavy selling pressure. We need to deal with the 3950 or so area and then I think a good chance of stalling short of the last peak at 4270 or so. Got to play it be "ear", right now, I am almost fully "deployed" for this "minirally", so it better not be another "whipsaw". Zeev