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

To: Zeev Hed who wrote (5777)	10/2/2000 4:47:11 PM
From: steve susko	Read Replies (1) \| Respond to of 30051

well we are at your support level at 3550; if that breaks we test the May low. The worst case i think is 2630 which is the 52 weeks low, and that would also equals the last major Nasdaq correction of 1973-1974 of 58%.

To: Zeev Hed who wrote (5777)	10/2/2000 5:20:48 PM
From: Bosco	Read Replies (2) \| Respond to of 30051

<edited>Hi Zeev & all - at first I thought the market will be equally bad tomorrow and thus it would break 3,550 alright, but on 2nd thought, there could be a good bounce tomorrow, if the political partisans have it their way. While Wall Street and Main Street are not exactly adjacent to each other yet, they cannot afford to let people worrying sick about the market while they watch Veep Al and Boy George duke it out on teevee, so, they are likely to make nice. If this is the case, Wednesday will be real firework. If the Veep wins the beauty contest, maybe we will have a bigger bounce sans oil. If Boy George wins, maybe we should go for the big oil :)! Not sure if they both lose though irreverently yours, Bosco