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Strategies & Market Trends : Steve's Channelling Thread

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To: U.B. Green who wrote (2277)	6/12/2000 8:02:00 AM
From: Zeev Hed	Read Replies (1) of 30051

Bernie, IMHO, SNDK is in an "indecision" box right now. If we indeed get weakness in the Naz in the next two weeks, SNDK should retreat to the $62/$65 area, and it does not breach this, that should be followed by a constant move up, taking out the $74/$75 area of overhead resistance, then it should eventually go to about $110/$115 where the next major test will occur. Minor overhead resistance are at the recovery high just under $80 and at $88. If the Naz gets above about 4035 or so (my current major overhead resistance), then SNDK should roar with the rest of the chips right here. Personally, I think that the former scenario should play out rather than the latter. Zeev

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