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Strategies & Market Trends : Steve's Channelling Thread

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To: Paul A who wrote (2349)	6/12/2000 9:11:00 PM
From: Zeev Hed	Read Replies (2) of 30051

Paul, there is little resistance at the $10/$10.5 area, the key resistance is at $15. The volume was not particularly heavy, yet, and the near term market conditions are not too rosy either, so we'll probably have to wait for the NAZ to go a little lower. Of course, the show tomorrow might create some exposure and possibly some rec's, if that happen, nice. I got in last week because the selling pressure exhausted itself and we seem to have formed a nice flat bottom. The problem with flat bottom it can take months before a strong move occurs. Zeev

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