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

To: Zeev Hed who wrote (12584)	3/13/2001 3:35:02 PM
From: U.B. Green	Read Replies (1) \| Respond to of 30051

Zeev, are you not concerned that the tax man comes on April 16 and some may have to sell stock to pay up? Regards, Bernie

To: Zeev Hed who wrote (12584)	3/13/2001 3:41:42 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 30051

Zeev, just read of several past calls of yours on NazComp nice calls, good perspective, strong thinking sure, the Fed has poured liquidity into the credit markets at a high level but without such extreme action, interest rates would rise 25 bpt quickly can you imagine stocks and bonds dropping simultaneously? the liquidity additions have staved off higher TBond yields, no? I am not so sure that liquidity will find its way into the equity markets I have been waiting for the Dow to fall for weeks now this lack of confirmation has been allowing Naz to slowly bleed without end now the Dow is below its 18-month support level of 10,350-400 that support has held about 4-5 times if I am correct now I suspect more attention will be paid to the SPX and Dow indexes they may each rise slightly up to old support levels, then fall hard your catalysts for the Naz to offer a decent counter-trend rally are reasonable but the Nikkei supporting necessity seems to me to be a dream the Nikkei must rise over 15% to stave off Japanese bank bankruptcies and rise very fast, like in three weeks I agree that repatriation of JYen from abroad will head into their stock market it sure aint going toward those meagre sub-1% JGB bonds Alan GreenMan must not have factored the Japanese stock market into his grand plans I see a Nikkei reprieve, rising above the required 13,500 level, as a long shot with Japanese banks failing, we could have some real trouble internationally for five years now, Japanese banks have acted like zombies, walking dead Monday looked like a climax to me for Naz but perhaps six bricks blew out of the S&P and Dow walled dike what is your take on the Naz recovering from here, in view of the SPX and Dow broken support? much appreciated thanks much shalom, Jim Willie