Steve's Channelling Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Steve's Channelling Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zeev Hed who wrote (2615)	6/21/2000 5:55:00 PM
From: Logain Ablar	Read Replies (1) of 30051

Zeev: I didn't mean it would get to $52 just that is where the PnF bullish support line should be. I don't see it hitting $54 but breaking $56 is doable depending on how far the pullback is. It is always good to take profits and it was a good trade. You can always reinvest in another opportunity. I would like to see the market (naz)pull back and consolidate till at least the FED meeting. I'd hate to see the market take off or we run the risk of the fed raising in August (not predicting since its too early) and then we would be in trouble earlier rather than later. On a separate note VLNC seems to be forming a nice base but if it were to break $14 I'd assume many stops would be triggered and it could see the single digits (not that a MM would pull this trick). For this reason I'm waiting for some news before I reenter. There will be time enough if there is good news to profit. Have a good night. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next