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

To: Zeev Hed who wrote (19571)	7/2/2001 1:38:55 PM
From: TREND1	Respond to of 30051

Zeev .. Larry Dudash

To: Zeev Hed who wrote (19571)	7/2/2001 2:20:42 PM
From: Jdaasoc	Respond to of 30051

Zeev: extended bull periods, for the time being, I do not see that in the cards We are only 2% away from S&P "aversion" level of 1275. We haven't ben able to hold this level for over 6 months now. I don't see enough encouraging signs that we can scale above it. It will not take much marking up of Naz stocks to get to 1275 followed by decline you expect. Intel @ $32 MSFT @ $73 etc. Friday's economic calendar may be the launching point for the down leg since we get unemployment numbers. john