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

To: TREND1 who wrote (15533)	5/7/2001 4:56:51 PM
From: TREND1	Respond to of 30051

A break below 2166.51 on 5/8/2001 could resul in some down side action geocities.com Larry Dudash

To: TREND1 who wrote (15533)	5/7/2001 4:59:25 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

It is not over until the fat lady sings, 2250 was not even threatened today, and this week the Maginot line is at 2095. Still a good 80 some points away. I expect this topping action to take a little longer (unless CSCO comes out with some new unexpected bad news). Note that the equities only P/C ratio dropped under .5 to .446, in my opinion a strong indication of over optimism, and supporting my expectations that we will breach 1095 and go to 1850 after that. For those following the long term plays, some time ago I got out of COO with a reentry target under $41, we are getting close, and I will buy in the range of $39-$41, stop loss at $37.95. Zeev