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

To: 200ma who wrote (11682)	2/24/2001 1:08:17 PM
From: Zeev Hed	Respond to of 30051

More like a "sputtering rally" around here to the 28th, I do not have more than 2388 or so on the Naz, and still the possibility of a marginal lower low on the 28th (or just a dip under 2200), then, if indeed the fed reduce rates before March 20th (like late next week), that eliminates the target low on March 9th. Mind you, despite the fed funds futures, I still think that the fed will wait until the March 20th for another rate action, and thus, the original scenario of a a low on March 9th still stands. Except that in this event it should be a lower low, maybe as deep as the low 2000, or a marginal intraday breach of 2000. I do not know what the feds will do, thus the two different scenarios. Zeev