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

To: Zeev Hed who wrote (21249)	7/23/2001 3:16:33 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

I think we will get our decline. However, just closed out the AMZN short. A small profit on that one in a few days but I don't like the way volume has come in here at support just above $16. Also exercising capital pres. in the face of AMZN earnings and Greenspan testimony. If I had to bet one way or the other, AMZN is going down from here, but I prefer the no risk option at this time. Am expecting to distribute the freed up risk quota into additional MU shorting, but will wait to see how the market handles the 20:30 decision timeframe before finalising a tactic.

To: Zeev Hed who wrote (21249)	7/23/2001 3:18:52 PM
From: pompsander	Read Replies (1) \| Respond to of 30051

Zeev: When time permits, will you please spell out the factors which must be in place to create your sceanario of the major market averages up 25% (or more) by the end of the year. I believe you see the late July, early August massacre, then stabilization for a few weeks leading into a sustained rally through the Fall and into early next year. However, what, if anything, absolutely must be in place for this to occur. What, if missing, would not be as critical? I am curious because I know you have held this opinion for some time and with the weakness in the economy seemingly stretching out further than originally thought by many, I was wondering how you saw the rally forming.

To: Zeev Hed who wrote (21249)	7/23/2001 3:27:49 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 30051

Lately the market has been bouncing a bit the last 15 minutes almost every day. So we amy not close below 2000 for a day or two yet.

To: Zeev Hed who wrote (21249)	7/23/2001 3:29:24 PM
From: Rich1	Respond to of 30051

CSCO upgrade by UBS. Any thoughts on how this will play out now. Soemsaying this is bullish and should affect market to the upside..