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

To: Rich1 who wrote (29406)	10/4/2001 6:39:13 AM
From: GREENLAW4-7	Respond to of 30051

Is DOW now overvalued? Look at the recent move in last 6 days, now instead of digesting the bad earnings we rallied over 1000 points now back to 9100! Is 9100 better then 7100? Will the massive move in DOW have profound negative effect on NASD? I took 90% off table on longs last night and will open shorts in TECH this morning! BTK needs to rest but SOX could continue up , but not sure how much gas is left w/ DOW above 9100? GILD will give POP in BTK but not sure it will hold after a 5 day rally in that sector! Bottom line....looks like BEAR TRAP?