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

To: U.B. Green who wrote (9764)	1/3/2001 7:11:47 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Bernie, right now I would guess we open a little lower tomorrow and resume the march up, but, by the time we do get to 2850 by the middle of next week (around the 10th), you may want to pack some of your stuff, I have the tenth as the peak, from there I have about 2 weeks decline into (mild one to around 2550/2600) there might be another spurt starting around the 23rd and into the next FOMC meeting on Jan 30, but I would sell the FOMC meeting rally (before the 2:15 announcement), because I still have February as week, what with all these disappointing earnings report flooding the market. When you come back from vacations, you might have some nice bargains. I would still put an order to buy under the market CRA, maybe in the next four weeks you can get in in the $30/$33 area. If CRA gets close to $40 in the next few days, I'll sell and then get back in on a retracement. By the way, I am also planning to sell QLTI on a bounce to the mid $30 for reentry on a retracement. Zeev