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

To: bobby beara who wrote (19594)	7/2/2001 3:48:22 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

I have been busy in the last half hour reducing exposure, I managed to get out of quite a few situations, no at just 32% cash. I am not sure if this rally is over, but I notice a bunch at least running against some overhead resistance. I really do not have a change in signal until 2078 is breached back, and the real "Maginot line is at 2020 or so on the Naz, so a small retrenchment here might actually allow for expansion of the rally into next week. I think that on the 5th another buying opportunity may arise for a short ride to about 2250/2300. Zeev