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Strategies & Market Trends : Steve's Channelling Thread

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To: mishedlo who wrote (3665)	7/27/2000 10:54:32 AM
From: Zeev Hed	Read Replies (2) of 30051

If we do not close above 3865, the turnips say stay out. We could rapidly go back all the way the the may lows and even worse with minor interruptions. The tick is not even close to -1100, and that is the kind of reading we need to get a turn, IMTO. Zeev PS, I am going to dip my toe a little here, but this is in expectation of a bounce from the 3865 area, I bought EXDS when it went below my target of $49, I got $48.5 and it, of course, proceeded lower. I'll take few points, if I can. I have a "buying point" in ELON at $33 (sold last at $50).

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