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

To: orkrious who wrote (17474)	6/9/2001 3:41:54 PM
From: ajtj99	Respond to of 30051

Thanks, Jay. That's after the close on the Thursday the 21st. The one paradox I have is the 20th is supposed to be an interim cycle high, so to me that means to hit 1850, it would most likely happen on either Friday June 22 or more likely Monday June 25. The Fed meets on the 27th. In order to get to that scenario, it would seem we'd hit 2150 on the 15th, followed by a drop to 2057 on Tuesday the 19th, and a bounce to 2095 on the 20th, a test of 2057 on the 21st, and a plunge through it on the 22nd, possibly a 120-point drop with the 1850-1880 low on the 25th. Anyway, I'm getting a little carried away here, but I'm just trying to pin down the framework where 1850 would fit near term. I'd like it to happen, as it could make our bottom in early August instead of October.