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

To: Zeev Hed who wrote (18420)	6/20/2001 7:52:23 PM
From: ajtj99	Respond to of 30051

Zeev, if a drop to 1850 is to occur, it seems like a perfect set-up would be to have 2057 (or 2078?) fail late tomorrow or Friday (on futures mark up?), a drop below 2000 on Friday, a further drop to 1940 Tuesday and Wednesday, with the final drop the day after the meeting with a rescue by PPT to keep it from falling below 1850-1875, and on to our rally. I really appreciated today's bounce, as it helps relieve some of the oversold conditions in the indexes, particularly the NDX, which is nearing neutral. A day or two more and it will be ready to sink again.