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

To: Jim Willie CB who wrote (12587)	3/13/2001 3:55:26 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Jim, welcome to out modest abode here. Hope you'll visit more often. I have a macro scenario for the next three months and am developing the micro scenario for the next two weeks. I do not feel too good about the micro, the reason is that the last five calls I made were absolutely on the button, and statistics has to catch up with my turnips. The macro, I feel better about, it calls for the Naz to go to 2650 by April 18th, then reverse sharply, into a three step down turn culmination in August with a low, possibly marginally lower than yesterday's l;ow. The DOE and SPX will be lagging and I believe may make a new low in late May. The micro scenario calls for this rally to stall by either tomorrow afternoon or Thursday, and then relapse, but breach 2000 only by about 20 or so Naz point. The retreat buggle should sound when we reach just under 2140 (outside chance we go back to that first week of March barrier of 2250, but I doubt we'll get that high) or so. Then, we start marching to the sound of the FOMC meeting on Monday and Tuesday with some post FOMC weakness, but no call like last Jan 31st, since this time that weakness should be absorbed rapidly and we should have a stealth rally to 2650 (namely, it does not feel like a rally, but here and there you get some 120 Naz points added from nowhere). Zeev In edit, took MERQ off at $42.25 for $4 profit.