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

To: Zeev Hed who wrote (12589)	3/13/2001 4:17:26 PM
From: Jim Willie CB	Respond to of 30051

not so sure that turnips "regress toward the mean" more like you peel them, cook them, salt them, then eat them modesty will get you a long way I tend to think the NazComp retreat bugle will sound when 2150 is touched old support equals new resistance my deeper thought pattern than that simple maxim a safe entry might be offered in the 1980-2080 zone generally totally agree with RMBS support holding also, yesterday I noticed how INTC held up well, no new lows INTC actually shows promise in its chart, with a little gap with jet assist I will be around, thanks for the welcome if you could offer a few updated thoughts on the Nikkei situation, much appreciated I believe this year might serve up their day of reckoning, not pretty unless foreign govts pitch in on the currency angle I just cannot imagine the Germans and our Fed loading up on JYen indirectly, that would support the Nikkei / Jim

To: Zeev Hed who wrote (12589)	3/13/2001 6:37:21 PM
From: ajtj99	Read Replies (2) \| Respond to of 30051

Zeev, you mention the SPX low in the end of May. I've seen others mention early June. I'm curious how the SPX is looking near term. I believe whatever happens in next weeks FOMC, anything less than 75BP will be sold. That said, the S&P should top off short term on Monday. With tech sector rotation in full swing short term combined with end of quarter window dressing, there should be a tug of war in the SPX, possibly limiting the gains we could see. With the massive head and shoulders formation on the SPX, how do you see it playing out as the NDX and COMP ramp up on the bounce? By the way, I see you got some ISSI. That one will fight to meet Max Pain this week, which is probably 15. It most likely won't get there after today's warning, but it has been a stellar performer at achieving max pain over the past 6-8 months. Quite possibly the most undervalued chip stock, and lots of Value and Growth funds bought in January at $16-18.