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

To: pompsander who wrote (10107)	1/11/2001 11:50:39 AM
From: Zeev Hed	Respond to of 30051

We might indeed, but I am not buying it yet. YHOO looking forward statement is just a taste of what we are going to get in the next few weeks, and I think that the weight of these announcements will bear on the market. Still, I have only a mild retracement until the 22/23 of this month, but what I fear is the reaction of the market to the next fed's action on the 31st, I think the market is building in .5% decline but I doubt we will get more than .25% if we get it this time. Claims for unemployment actually declined in the last week, the fed may want to wait, since many of them still believe that we have a soft landing coming. In the last 10 minutes, I was busy taking the quartet off the table, expecting a lunch relapse, out of BRCD at $88.25 (Just $2.25), BRCM at $115 (a neat $10), SCMR $42-3/16 (just north of $2.25), CREE $34 ($2-5/8) and also IDPH at $163.5 a little $6.5. I'll be back in them once I see how serious the lunch relapse becomes. Zeev