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

To: Zeev Hed who wrote (24836)	8/21/2001 8:50:45 AM
From: ajtj99	Respond to of 30051

It appears 1560 NDX could provide some pretty strong overhead resistance this week, if we ever get there. Next support below is about 1470 NDX. Without a flush, we could bounce like a little ball down to 1420 NDX with a final flush to 1300. I see possibly 1560-1470-1560-1420-1500-1300 NDX as a possibility. The question is, if we have this happen in September, what happens in October. It may take tax loss selling out of the equation. Actually, I believe the tax loss selling argument is pretty weak right now, as lots of the losers have been unloaded already in previous window dressing exercizes and there are not too many gainers to offset the losers.

To: Zeev Hed who wrote (24836)	8/21/2001 9:16:30 AM
From: wgh613	Respond to of 30051

EXTR, Needham raises Extreme Networks to STRONG BUY from HOLD. DJ news 9:10. Manny T.

To: Zeev Hed who wrote (24836)	8/21/2001 1:58:18 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 30051

Zeev: As always your comments are greatly appreciated. George

To: Zeev Hed who wrote (24836)	8/21/2001 2:19:10 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Zeev, George & Thread: On the ARMS index reaching 1.5 for the second time this year (with the 1st being on or about March 22, from memeory so I can be off a few days). In past this has signaled a bottom is in place within 20 market days and one can expect a solid move off the lows. Also note in 87 the market crashed after the signal. So all I'm saying is this bottom should be in within 20 days from Friday if the past is any indication. Note this is only one indicator but a pretty good one. Of course we can still have a good drop like 87 to put in the bottom (like Zeev has pointed out the last drop in a bear market is typically the sharpest). With all the complacency still around it can happen. Zeev it was you and I (in private I believe) where you pointed out in these markets the indicator may and in all likely hood trigger twice). We discussed this a few times and not sure if any of it was in public. Hays has been bullish thru all the declines this year and only went negative in March about a week before this signal and he then went bullish again. I assume he's been bullish thru this. George in July he upped his tech allocation to 14%. Has this increased? Tim