Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: megazoo who wrote (3045)	7/9/2000 10:36:01 PM
From: Zeev Hed	Read Replies (1) of 30051

SXB, on April 23rd, I summarized the turnips "long term view" echoed on this thread since it's inception on the MDD thread: Message 13483082 Right now, we are still according to "plan" and I see no major reason to readjust "parameters". As for RMBS, I believe that the "powers" will bring it down in the next two three weeks. I do not know how low, maybe even down to the $75 area if the mid to late July mini weakness is stronger than I expect. Right now, I am using a trading range of $97 to $105, and only if $97 is breached on a closing basis, then I retreat to the $75 area as support (Steve, you may want to keep some powder dry if that happens<g>). Early in August you probably will want to be in, as Steve suggested, for the IDF affair. I can see RMBS by November having hit $165. Zeev

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