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

To: Bosco who wrote (10075)	1/10/2001 7:26:31 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I expected the market to anticipate bad earnings and particularly bad "looking forward" statements starting today, but the market still has some of its seasonal strength and the fed's reduction to compensate for it, that is why I felt the decline to the 23rd or so will not be savage and not make a new low, however, a breach of 2300, (not even a new low) will rapidly change my opinion. Return of very negative tic on the decline may precipitate some buying on my part. Right now, I don't mind having left some on the table and am quite happy with the cash raised, even though, I went "over plan". (g). To be back on plan (50%), all I have to do is redeploy some five positions. 2 hours deviation is as close as one could expect (g). If one wants to be really "cute" about it, average the peak reached around 12:00 and 4:00 and you get the turnips calling it correctly at 2:00 PM (VVBG). Zeev