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

To: TREND1 who wrote (17669)	6/12/2001 2:11:02 PM
From: Rich1	Read Replies (1) \| Respond to of 30051

LOL.. Larry... give back what they gives you.. Cycle guy had the low..yesterday + or -...So he was pretty right on. He felt if we didn't violated May 30 lows we would be going higher.. Time will tell...

To: TREND1 who wrote (17669)	6/12/2001 2:24:52 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Yeah, Larry, it's still possible we could hit 1880 that early, but frankly, it doesn't seem likely as it is an interim cycle high. The COMPX is not going to determine whether we go below resistance at 2057, IMO. That is going to be decided by the NDX. The NDX has touched resistance at 1775 twice already. Once more and it's taking us down to at least 1710 area on the NDX. We may have to bounce a couple of times off 2057 before dropping to 1850. That might not happen until after the Semiconductor B2B report on the 21st, making the 22nd or 25th (my choice) as the more likely target date for 1880.