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


To: Crimson Ghost who wrote (26500)9/7/2001 2:28:09 PM
From: brightness00  Respond to of 30051
 
>The fact that the Dow is breaking big time signals that >the end of this drop is getting near. Zeev could well be >right about a low next week.

I agree. I picked up some near the close yesterday, only to sell again in the after-hours, when the INTC pop proved nothing of significance. Now if we can have a little cracking in the bond market in addition to DOW dropping. Personally I think the latest misery on the NAZ had a lot to do with the super-successful bond auction on August 8th. A number of hedge funds probably shorted the heck out of the NAZ to cover/buy bond.

Jim