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


To: Jeff Guy who wrote (18825)6/26/2001 11:55:45 AM
From: Rich1  Respond to of 30051
 
Lotsa support at 1211 S&P futures and that gap at 1206.



To: Jeff Guy who wrote (18825)6/26/2001 12:07:52 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
I don't know, my original forecast was "before July 4th, I thought Friday would probably be it, but yesterday resilience in the Naz put that in question, even today the Naz is quite resilient, refusing to yield on the 2000 line, I think it will give up. Yesterday, Larry told us how difficult it will be to achieve that 1850 number by July 2nd, he may still be right. The thing is that the early July rally is not going to be terribly great, IMTO, so don't go gang ho on loading up if we reach 1850. At least, not until we see the white in the eyes of the MM's.

Zeev