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

To: Zeev Hed who wrote (19118)	6/28/2001 10:31:06 AM
From: TREND1	Read Replies (1) \| Respond to of 30051

Zeev That low TRINQ, so late in the rally over the last few days,keeps me from trading today. Risk too high. Larry Dudash

To: Zeev Hed who wrote (19118)	6/28/2001 10:32:22 AM
From: Jeff Guy	Respond to of 30051

Zeev, SPX seems a bit toppy, nas as well. VIX rounding bottom. I think down. What do you think about the reduction in jobless claims, third in row. Light at the end of the tunnel?

To: Zeev Hed who wrote (19118)	6/28/2001 10:36:47 AM
From: Kailash	Respond to of 30051

Dow bouncing against its 200 DMA -- this could still be a bull trap. Kailash

To: Zeev Hed who wrote (19118)	6/28/2001 10:41:00 AM
From: ajtj99	Read Replies (1) \| Respond to of 30051

I have to give credit to PPT. They really orchestrated this one pretty well. Ramping futures, short squeeze, end of quarter window dressing, beginning of month fund inflows, pro's out on vacation next week, retail (who do not know how to short) out in full force. They don't call the man "Maestro" for nothing. I guess they learned their less in May. I'm still looking for things to calm down to close my July QQQ 43 puts. I'll go call side as soon as I figure out where we're headed (double top at 2264?) and look to re-position puts when we top off. 2252 is a .786 Fib retrace from 2328 to 1973 Man, wicked up today so far.