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

To: Zeev Hed who wrote (17290)	6/7/2001 6:09:18 PM
From: TREND1	Read Replies (1) \| Respond to of 30051

Zeev (1) investment account 100% long (2) Position account FLAT (3) Day trading account (Changes too much to post) DO YOU WANT TO PUT FUTURE LINES on the TURNIP CHART ???? You haven't answered yet? Larry Dudash

To: Zeev Hed who wrote (17290)	6/7/2001 6:12:01 PM
From: TREND1	Read Replies (1) \| Respond to of 30051

My comments on INTC cc (1) Big mother ship "steady" (2) Sept back to school ordering due within next 5-6 weeks, which INTC's stock action should show us Larry Dudash PS: Other big mother ship, CSCO continues to make higher lows since 4/4/2001 bottom.

To: Zeev Hed who wrote (17290)	6/7/2001 6:19:05 PM
From: Mike M	Read Replies (1) \| Respond to of 30051

That's a very early indicator Zeev and can often be reversed with a widespread slam dunk run.... Your bearishness in the midst of all this liquidity is perplexing. Sure we will pay the piper some time down the road but it sure looks like you are fighting the momentum here. By the time we do get all the indicators you are looking for, we may be ready for the slippery slope....

To: Zeev Hed who wrote (17290)	6/7/2001 6:20:54 PM
From: McNabb Brothers	Read Replies (2) \| Respond to of 30051

Zeev, Looks like most of my puts are going to expire worthless again this month. Next month and so on may be a different story. After next Friday I will need a good pull back to roll out again. Looks like the turnips need to be replanted, for they have not been too right for some time now! Hank

To: Zeev Hed who wrote (17290)	6/7/2001 7:38:09 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Zeev, while we both agree that this run is about to end, I think the COMPX chart appears to be forming a complex head and shoulders. If that is the case, we may be locked in at the 2050-2338 range for the next 5-weeks or so until the formation plays itself out. That would indicate a low just before the Fed meeting and a small rise afterwards to re-test tomorrow's level that subsequently tails off. Our right shoulder could then break at 2050 for a drop to 1620 or below in late July or August. I guess the only question is that does this mean the end of the bear, or do we have a rally into the high holy days in September and the big drop in October? I think the October low is getting to be more and more the likely scenario in light of this week's movement and the recent comments by the Fed.