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

To: Zeev Hed who wrote (18022)	6/14/2001 7:37:10 PM
From: Crimson Ghost	Respond to of 30051

Zeev: The drop in the dollar today was NOT primarily a technical reaction form an overbought condition. Rather it reflected a statement from the President of the American Association of manufacturers that the greenback is grossly overvalued and needs to drop at least 20%. So now we have a powerful domestic interest group that is flat out opposed to the strong dollar. Neither you, I, nor anybody else knows when the dollar will go down for the count, although I think the buck bear will begin this summer. You say next year. We shall see. But a big break in the buck is just a matter of time. I am willing to wait while buying dips in the gold stock indexes.

To: Zeev Hed who wrote (18022)	6/14/2001 9:32:45 PM
From: Fiscally Conservative	Respond to of 30051

Zeev As far as I understood where the NASDAQ support would emerge was around 2050. Given that today we closed some 7 points under, I am under the impression that tomorrow the market will find that support line could err 10+ or -. I think this market will bounce in the late morning hours and close above 2050. If we open lower I will be extremely tempted to buy anticipating the smalll bounce up into the close. My possible candidates;SCON,IDCC,VLNC,and IRF(although with this one I am not so sure)