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

To: Zeev Hed who wrote (28797)	9/26/2001 1:50:28 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 30051

Zeev: FWIW, last April we retraced intraday on the QQQs to within 5% of the intraday lows of April 4th a few days after. We are about within 5% ($28.65) of the lows on the QQQs set Friday ($27.20) now.

To: Zeev Hed who wrote (28797)	9/26/2001 2:09:06 PM
From: dwayanu	Read Replies (1) \| Respond to of 30051

...period where all the stops are removed, the feds will lower the rate again next week, and Congress is working feverishly to find fiscal ways to revive the economy Granted. I'm about 85% long, and getting nervous <g>. With the turnips calling for a 1987-esque scenario (market psych blow, retest here, real retest in December or thereabouts), do you (or anyone else?) recall whether the situation/attitudes in post-crash 1987 had good elements comparable to your points above? (I wasn't paying attention to the market back then, I was one of those propellor-heads working for guys like you <vbg>.) - Dway