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

To: Zeev Hed who wrote (24345)	8/16/2001 9:47:31 PM
From: westpacific	Read Replies (1) \| Respond to of 30051

Zeev, I see the same thing. We have to complete a cycle I see, and we have not done that yet, plenty of games have kept it from doing so. All the best West

To: Zeev Hed who wrote (24345)	8/16/2001 10:02:16 PM
From: anon	Respond to of 30051

Zeev: "I would say that the die is cast and next week will see a fast and murderous decline." That's interesting. On a large scale i have a big high in mid aug +/= 7 days and a big low in mid Oct +/- 7 days. The move from the mid Aug high (which i think is near FOMC)into month end should be sharp "murderous". During this time there should be changes in attitude, basically there should be a reversal in how people "feel" that should affect the market.

To: Zeev Hed who wrote (24345)	8/17/2001 6:37:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 30051

Hello Zeev i'm enjoying the thread... well i feel the exact opposite, while the NAZ broke a triple bottom on P&F below 1900, the DOW is holding up well, and so is the SPX and SP01U futures... the SOX has not broken yet...and may not...it will take all of the above to breakdown before we crater..i do not see this action happening near an FOMC.. the FED will cut .25 basis points and continue to be accomodative in their statement...earnings season is over basically...and while we look dead, i think the surprise will come to the upside trapping the shorts.. this will be a short pop after the FED into early Sept...while the markets trying to discount these valuations...i see no crash here...not yet... so i am waiting now for my third foray into the semiconductors long on this pullback..i want to buy 10 stocks for an expected bounce next week and beyond... while i do not predict/speculate, rather i will follow along any way they want to take me<g>... on P&F the OTC has been very weak for a long time vis a vis the NYSE... i want to see my expected re test of the lows yesterday to see if they hold..if they do i am going heavily long for a quick trip post FED... good to hear from you Zeev...btw...i have never seen the semis so dead biz wise...i mean no orders anywhere yet...amazing... jerry

To: Zeev Hed who wrote (24345)	8/17/2001 9:54:48 AM
From: Mike M	Read Replies (1) \| Respond to of 30051

I would say that the die is cast and next week will see a fast and murderous decline. Ouch. I hate those killer declines. Well, Zeev, maybe we get that 1850 you have been looking for today. Still, it doesn't look like the market wants to give up... Would seem to me that if the market holds up under the selling pressure here, we are due for some kind of bounce next week. Since we have a big cycle turn (Bradley), today or Monday, perhaps we get more than just a little bounce.