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

To: Zeev Hed who wrote (16431)	5/23/2001 12:52:48 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

I believe that unless our distinguished Senator from Vermont announces he is leaving the GOP to join the Taliban, we'll stay above 2255 today. The only uncertainty is how he will affect the tax cut bill, IMO. The news leaks have said he'd make the switch official after the President signs the bill. I think 2250 may be history tomorrow, however. Nothing to prop up this market right now. If we don't go below 2250 tomorrow, we can probably stave it off through Tuesday or Wednesday of next week. Friday starts the long weekend for many, and that means day traders will prop things up while pro's may take the day off. Monday may mean more frothing from weekend research by retail investors. I got some QQQ June 48 puts today at $1.50, and they'll look real good if we plunge through 2250.