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

To: Rashomon who wrote (15255)	5/1/2001 3:49:59 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

The catalysts for an immediate leg up is what one should look at, possibly the proposed retroactive tax cut directed to all tax payers. I have no seen the full structure of the cut, but if it has a "consumer" side to it rather than only an "investment" side, it could be bullish. Right now, the intermediate trend is staying up as long as 2020 (roughly) is not breached. To become very bullish, however, we really need to close above the January lows of 2250. I have no strong stand one way or the other until one of these two areas is surpassed. I still have a somewhat higher probability that we go down under 2000 before we go above 2250, but it is no longer "a strong" probability. The market changes and one needs to change with it. Zeev