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

To: JRI who wrote (14323)	4/11/2001 8:13:04 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Yes I have the 23rd as a major top, the 12th is not significant (still within a minor uptrend. Yes, I see us going back down in May, but the structure I envision is an inverted W with the first top here in late April and the second top in early August, right now I do not have a retest of the recent lows in the Naz until after the July second top. I do not have very good visibility how the May lows in the Naz will look like, probably hold above the 1620. I have an outside chance that the July highs are marginally higher than the April high (with max potenial at 2250), it really depends on how deep the May early June debacle goes (note, I did not say "Massacre here, but the Dow could suffer much more and breach 9000 in early June). Zeev