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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (960)	4/12/2000 11:43:00 AM
From: Zeev Hed	Read Replies (2) of 30051

I just got some $228 as well, but I am not sure how long I will stay, I think a bounce to $238 and that is it. I fear we are going to retest $200 again. I also got some ANCR at $27, also for a bounce. Very dangerous waters. Zeev PS, it seems we are unable to hold above 3900, it will be interesting to see if the "lunch time" traders are going to get in or panic out. If we cross 3850 on the NAZ, I'll probably bail out of the RMBS and ANCR. I just chickened out of RMBS and ANCR, $232 and $a Bilow size gain of 1/4 ($27.25) on ANCR. The NAZ is simply refusing to get back on its feet, maybe around 2:30 to 3:30 we'll have a better entry point. Zeev

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