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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (3809)7/29/2000 5:28:01 PM
From: Logain Ablar  Read Replies (1) of 30051
 
Zeev:

The two point chart. On the 1pt I have support @ $68 and
with the SOXX support we had a technical bounce on Friday.
In this market it can go down to $58 but at the momment I'm
still holding 2/3 of my position in it so I'd rather it not
drop back into the 50's.

SNDK in the 40's after the last cc. Can happen in this market.

106 ---------------------------------------------------------------------------106
104 O X O X O X O 104
102 O X O O X O X 102
100 O X ----O --------X O X O -------------------------------------------------100
98 O X O X O X O X 98
96 O X O X O X O X O 96
94 O X O X O X O X O 94
92 O X O X O X O X O 92
90 O X ----O --------X O X O ----------------------------X O -----------------90
88 O X O X O X O X O 88
86 O X O X O O X O 86
84 O X O X O X O X 84
82 O X O X X O X O X O 82
80 O ------O X O X --X ----O ----------------------------X O X O -------------80
78 O X O X O X O X X O O 78
76 O X O X O X O X O X O X 76
74 O X O X O X O X O X O X 74
72 O X O X O X O X X O X O X 72
70 --------O X O X O ------O ----------------X O X O 7 --X ----O -------- Med70
68 O X O X O X X O X O X O X 68
66 O X O X O X O X O O X O X 66
64 O X O O X O X X O O X 64
62 O X O X O X O X X O 62
60 --------O X ------------O --O ----X O X O X -------------------------------60
58 O X O X O X O X 58
56 O X O X O O X 56
54 O X O 6 O X 54
52 O O X O X 52
50 ----------------------------O X --X ----O X -------------------------------50
48 O X O X O 48
46 O X O X 46
44 O X O 44
42 O X 42
40 ----------------------------O ---------------------------------------------40
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