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

To: Zeev Hed who wrote (19439)	6/29/2001 5:46:42 PM
From: Kailash	Read Replies (1) \| Respond to of 30051

"I for one think the rally will continue." It will be interesting to see. There may be heavy rotation into the Nasdaq, especially the techs, as the Dow falls, but there is obviously a clear and present danger that the tech mirage will fade fast. The fundamentals just aren't there, and past pain is still fresh in people's minds. The Dow has now retreated to the top of the air pocket between 10,500 and 10,232.50 and could tumble 2-300 points in one fell swoop any time; could the Nasdaq rise in the face of such a drop? The quarter is over, the books looked fine, now back to reality. To me this looks like a top. Have a great weekend. Kailash