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

To: Zeev Hed who wrote (15930)	5/17/2001 11:13:51 AM
From: Rich1	Respond to of 30051

Dont scare me again...<gg>

To: Zeev Hed who wrote (15930)	5/17/2001 11:14:20 AM
From: orkrious	Read Replies (1) \| Respond to of 30051

I think that this run will "eventually" take us to 3800/4300 on the Naz (about next April?), you don't want to know what is supposed to happen after that (g). So you have the same scenario as before but we aren't going back down fist. What do you think the low will be between now and August? TIA Jay

To: Zeev Hed who wrote (15930)	5/17/2001 11:31:28 AM
From: r.edwards	Respond to of 30051

"""Well, it was quite a performance, wasn’t it? The same day I outlined four “positives” describing a strong lateral period – the market, after a shaky opening, absolutely exploded for a gain of 343 and 81 points for the DJI and NASDAQ, respectively – a mind-blowing move up and out over 11000 to close at 11215!! It was, as we pointed out, a near carbon copy of the 3/99 problem at 10000. What I personally enjoyed about yesterday’s letter was the fact that it was technical analysis 101 – basic stuff!! By the way, the last eight days produced an average P-C ratio of 191%!! The A-D index was excellent with some 2:1 net advances. Another key yesterday was AMAT, which opened lower and then turned to jump over 4 points – this gave heart to a very strong Tech group. IBM was Î 2-1/4 points after it was blasted by some of those fundamentalists whose timing is just pathetic – the blasts took place last Friday. Conclusion: Remember that there are some $2 trillion in money market funds. Some of those $s are hitting the market. The market's mantra is simple – go with the FRB, as the market is always higher after five rate cuts one year later. So, buy now to avoid the rush. Those worrying about the economic “problems” have been left at the starting gate – as usual!!""" (from RJF morning report )