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

To: Zeev Hed who wrote (17710)	6/12/2001 8:47:17 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Zeev, I believe this "rally" is a 50% re-trace of the drop from 2264 last Thursday to 2105 today. If we get above 2185, we could test 2202. We should fail at that if it happens, and make a bee-line for 2160-2170 for Friday, IMHO. Is it possible that we may have to throw out that entire move to 2328 also? It appears to have been negated, or am I just off? I believe the key is the NDX. We can't test 1775 again without going through it, and that would take the COMPX to 2057.

To: Zeev Hed who wrote (17710)	6/12/2001 8:54:10 PM
From: Mark Johnson	Respond to of 30051

Zeev: I will critique your last few days posts tonight or tomorrow....been very busy lately...business is booming...Thanks for your input.... Regards, MJ

To: Zeev Hed who wrote (17710)	6/13/2001 8:10:47 PM
From: m1o2n3i4c5k6	Read Replies (1) \| Respond to of 30051

Hi Zeev, I'm a long time lurker, staunch admirer of your talents. Thanks for being so open with your knowledge and patience with the naysayers. I am short (Rydex Venture) the Nas and have a question or two. Assume the Nas falls to the 1850 level. Are your tea leaves pointing to a bounce up? (to what, approx?) Or, is it a temporary stop on a continuing descent? If you can answer these questions, your picture will go up on the floor of the NYSE. Thanks for any clairvoyance you may have.