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


To: Zeev Hed who wrote (12493)3/12/2001 7:56:25 PM
From: GREENLAW4-7  Respond to of 30051
 
ZEEF, I was very impressed with the STORAGE stocks today, QLGC, BRCD, MCDT and even JNIC held up better the father EMC or VRTS!

I am ready for a SERIOUS COUNTER TREND RALLY. One where many stocks will DOUBLE in 1-2 days!

Good luck all..I believe this sell-off is very healthy for the bull resuming within the next year!



To: Zeev Hed who wrote (12493)3/13/2001 4:53:42 AM
From: SirRealist  Read Replies (1) | Respond to of 30051
 
I'll add my thanks, too Zeev. I'd been sensing something coming around our 1 yr anniversary of NASDy's peak. And about 2 weeks ago I stumbled across a post of yours discussing Circadian crop circles or something, which pointed to the 8th, 9th, 12th and 13th as likely days to make Abby Joseph Cohen appear as a dunce.

That post added focus to what I was sensing and I've navigated through unscathed. Your reputation preceded my discovery of your latest gem; it's clearly well-deserved. Thanks.

Kevin Hayden



To: Zeev Hed who wrote (12493)3/13/2001 9:20:07 AM
From: J L Segal  Respond to of 30051
 
Zeev, FWIW, I saw the NYSE tick go below -1300 in the last hour of trading yesterday.
I thought the 'market authorities' would consider this a sign of capitulation, but they did not.....volume was not high enough, they said.

BTW, looks like some are again considering a 3/4 point cut:

(REUTERS) INSTANT-INSTANT VIEW-U.S. Feb retail sales fall 0.2 pct
INSTANT-INSTANT VIEW-U.S. Feb retail sales fall 0.2 pct

JEFF PALMA, U.S. ECONOMIST, UBS WARBURG, STAMFORD CONN:
"The headline number came in a lot weaker than expected
but when you comb through all the revisions you come down in
line with expectations. The momentum in February is clearly
weaker. We still are expecting a 50 basis point cut at the next
Fed meeting though continued weakness in equities and a
broadening out into some of the other markets will increase the
likelihood of a 75 basis point move."
((--U.S. Financial Markets Desk, 212-859-1639 ))
REUTERS
*** end of story ***

JLS