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Strategies & Market Trends : Steve's Channelling Thread

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To: YxY who wrote (3317)7/17/2000 4:07:08 PM
From: Zeev Hed  Read Replies (2) of 30051
 
Yes, RDRT may be breaking out, but I don't think I will play this one. I have chased enough for the day, after all, my last sell on SCMR was $134.5 and as I mentioned yesterday, if it breaks $140, I'll have to get in, so I did chase this one, luckily, after few hesitations in the morning it just kept going, so one chasing (so far) is OK. Actually, even though I bought QLGC on the retrenchment today, I was really chasing it since I sold at $84.5 seeing it run to $98 (VBG). In this business, you either chase or are whipsawed (VBG).

Zeev

Zeev
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