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

To: Zeev Hed who wrote (18440)	6/21/2001 9:14:17 AM
From: Rich1	Read Replies (1) \| Respond to of 30051

I have the high today..with a higher low tomorrow/Monday..

To: Zeev Hed who wrote (18440)	6/21/2001 9:48:53 AM
From: waverider	Respond to of 30051

Zeev, with all the bad news going around and the bearishness out there the market has done OK...especially the semis and the NDX. Everyone is looking at the same supports and TA signals that say down...and so my take is that most of the selling is done. Big corrections at this point happen on surprises, not obvious issues. Unless there is some serious economic news that hints at a possible multi-year recession or something like that, I don't think you'll see your 1850. In fact I think on July 2 we'll be higher than today. How much, haven't got a clue. Just feel all this selling is overdone now. Keep up the good TA work. Appreciate your efforts. <H>