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

To: Chuck Williams who wrote (11705)	2/25/2001 11:25:04 PM
From: Zeev Hed	Respond to of 30051

None that I am completely happy with either, tight now, my "roadmap" shows a decline into Wed., a rally to about 2388 or so, a new decline to test the Wed. lows by March 9 and then a rally, to possibly 2850 by the middle of April, after that, i do not have much details. I would shy from the chips and the chip equipment during declines, while last Friday the sox has put together a very good performance (and its relative strength to the Naz is pretty good), I still feel that we need to get closer to the 530 area maybe even the 517 or so before we put in a bottom. If AMAT and NVLS close above $50, I may change that stance (Particularly if that is also accompanied by INTC closing above about $38), right now, I am facing the fact that INTC made a new low Friday, before the Angelous rally started, and you know my mantra, "new lows beget new lows". Zeev.