Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (3209)	7/14/2000 10:35:43 AM
From: Matrix_Man	Read Replies (1) of 30051

ELON looks like a beautiful setup going into the next couple weeks before earnings. CEO has prepped for "flat quarter" and thus the possability of a surprise and we have formed a nice cup and low volume down handle going right to support level around 50. Looks like a buy here at 52, SL at say 49, or wait for a break out of the downward channel. I think it will be resolved in the next couple sessions.

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