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

To: Jdaasoc who wrote (7807)	11/14/2000 3:13:53 PM
From: Zeev Hed	Respond to of 30051

John, I bought yesterday in the morning, but in most cases I took my 10% and closed before the end of the day, since I knew I would not be able to see what the market does until today afternoon. Not much really left on the table...I think this rally is going to peter off before the end of the week. The real rally may not start until the middle of next week and even that one should peter off by the first week of DEcember, then I still expect a solid year end rally to get us sometime in January to just above 3900. By the way, right now I am pretty close to 50% cash, quite a bearish stand with the NAZ at 3150. That is too high for this level on the NAZ and sometime bfore the end of the wek I will probably lower that to about 35%. Zeev Zee