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Strategies & Market Trends : Steve's Channelling Thread
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To: mishedlo who wrote (4151)8/7/2000 1:59:01 PM
From: Zeev Hed  Read Replies (1) of 30051
 
To me it looks like a "churning" action, many of the stock I watch, including SCMR, QLGC and of course, RMBS, ran early to the top of their range and are now refusing to break out, the rest of the list has followed more slowly, but also seems to stall. It could be the silence before the storm, but I have just sold the ADI I bought last week at $60-3/8, hoping for the top of the say (g), and am awash with cash, so don't feel bad about "lost opportunities", the same is here.

Zeev
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