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

To: bobby beara who wrote (19616)	7/2/2001 8:29:08 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

I thought the big "talking heads" like NV (g) and Hays were talking the 2500 or even 2800 area, hey, someone told me that Hays now has 12600 on the Dow in three months, if the Dow, now the "weak sister", gets to 12600, the Naz could go to 3000. I am not in that camp, and I still have 2250, the real overhead supply as the main line with a possible "fool them all" excursion above 2300. Why 2250? It was a strong support in the decline ending January, and really served already as an overhead resistance since the April lows. I have the Naz "Boxed" in the 2000 to 2250, and consider both the excursion to 1973 recently as well as the May excursion to 2338 as statistical "outliers". My next "Box" is still 1850 to 2050. So I see my model as quite consistent. I'll change the box, if 2388 is taken out with sizeable volume. Zeev