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Strategies & Market Trends : Steve's Channelling Thread

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To: Logain Ablar who wrote (3032)	7/9/2000 10:44:21 AM
From: Zeev Hed	Read Replies (1) of 30051

Tim, I like your $96 on APH, and that would be close to a typical 50% advance after a breakout to new highs ($64+$32), a very typical breakout behavior. However, since I entered at $50, I'll take just 50% (around $75) and then will watch for a retracement (I expect a minor retracement in the next two weeks) to perhaps the $64 to $66 area. As for QLGC, your PnF and my turnips seems to agree about some overhead supply at $80, we'll have to watch this one, once more, my short term tactics will be bail out if $74 shows too much resistance, and definitely bail out near $77/78, since I do not expect a print of $80 until much later in July. If it does print $80 or so, jump back in. Good luck out there. Zeev

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