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


To: Zeev Hed who wrote (15270)5/1/2001 7:47:08 PM
From: JRI  Read Replies (1) | Respond to of 30051
 
Zeev...I am really not trying to be a nerd here....please confirm if I have this right: you are saying that the first down leg of the "M" could possibility last thru the Fed meeting (you have the 23rd), and then we could get a rally (starting 23rd) and lasting most of June...

In other words, we hit 2250 or so any day now, and go down into the 23rd...

Is that right? Thanks again.



To: Zeev Hed who wrote (15270)5/1/2001 9:40:13 PM
From: U.B. Green  Read Replies (1) | Respond to of 30051
 
Zeev, if the swoon down takes place on May 9 or May 23. (or a date between them) Your bottom number is still 1850? Yes?

Regards,
Bernie



To: Zeev Hed who wrote (15270)5/2/2001 12:07:41 AM
From: Pink Minion  Respond to of 30051
 
Then, we could be rallying through most of June (slow and shallow rally) into the first or second week in July

How can this market do that during warnings season? What will keep it up - ceo's word that things will get better and can't get much worse?



To: Zeev Hed who wrote (15270)5/2/2001 12:18:55 AM
From: Mike M  Read Replies (1) | Respond to of 30051
 
Don Wolanchuk sees a different scenario...He thinks technical circumstances are ripe for a melt up:

today the 30 day ma of da clx closed on its zero line...sumtimes within a day or so or even rite away when that MA crosses the zero line da market kinda goes bonkers....

well certainly appears the 30 day ma wont stand in the way.....

a thousand point up day maybe????

Message 15741207