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Strategies & Market Trends : Steve's Channelling Thread

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To: YxY who wrote (692)	3/23/2000 12:45:00 PM
From: Zeev Hed	Read Replies (1) of 30051

YxY, the last "box" was between $3 and $4.5, the current box has a bottom at $4.5, the top of the last box serves as support to the new box. By the way, I just got back in RMBS at 340-5/16, the trading range is narrowing indicating a possible break, I know not which direction, thus a break under $335 will still be a signal to try at another time. Target just around $355 or so, but watching for that break I expected this morning. Zeev

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