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

To: Justa Werkenstiff who wrote (27884)	9/18/2001 4:29:28 PM
From: Zeev Hed	Respond to of 30051

Yes, I think the bottom is guess work, I have no better number than the 1998 low just under 1400 on the Naz, we may get the "coalescing" model a low between the August and October I mentioned few time, but unless we get some solid 1000 plus tick in the next rally (two day in a row, preferably), I'll have to add another December low to the current scenario. Short term, we'll have first resistance at around 1730 on the bounce, IMTO, then we'll see. I do not have more than 1973 for a very strong rally here (last April, however, I was too pessimistic with 2160 as the initial trust of the rally, it did get to 2250 and eventually above 2300, so I may be too optimistic here as well (g).) Zeev