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

To: Zeev Hed who wrote (19791)	7/5/2001 3:55:31 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Zeev, with the numbers in the morning tomorrow, we may have an up day (possibly after a negative futures bias prior to 8:30AM). We might see futures down until 8:30AM, and then a gap up above 2100, which might set us on a 1-2 day spike towards 2200. That's what has happened the past couple of times we've gone to this level on the stochastics. It is too much of a risk to be on the wrong side, and that's why I believe you've upped cash to over 50%. I don't belive you think the move is over with, but you are not as confident as you were a day ago. Watching the ugly close. Today's chart looks like an ICU patient who's gone flat-line.