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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (926)	4/10/2000 2:17:00 PM
From: Zeev Hed	Read Replies (2) of 30051

Looks like a good support, but the NAZ really threw me a curve ball, it held all morning nicely at the 50% retracement of 4390 mentioned last week, and then gave up. Not a good sign of things to come. Out of QLGC at 105.5 (a loss) and out VECO at 70.25 (a gain). Also out of CYMI at $56.5, a gain and ONT at $13-15/16 also profit. All in all, I am well ahead on the last series, but by the end of the day, if I stay and the market does not turn, I could get murdered. Preservation of capital is more important than hoped for profits. Zeev

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