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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (4247)8/11/2000 9:53:50 PM
From: D.B. Cooper  Read Replies (1) of 30051
 
Hi Zeev

I am not doing the short trading that you are doing . Because of my job and not being around a computer with access to the net all day, I want my cycles or waves to be a little longer. Looking for a 5-10% ride.
I sold the bus the other day at 74.5 and was watching it this morning but I can't hold that stock over the weekend. It is becoming too scary for me. That stock is amazing it keeps getting hammered and keeps coming back.
Over all I do not feel right about the timing of this market. I think that the NAZ will not make any moves till labor day. I have been out completely, however came in on the 4th and bought little amounts of NTAP,JDSU GMST and NT and sold for a little gain. The NAZ did close up today still not convinced that we will not be seeing some lower points for entry.
this chart scares me
xocharts.com

So being on the cautious side in this market. The one stock that I did pick up today is VSH This stock has been so far down its crazy. I think this one has put in a bottom and has turned back, however it is still under the trend line. Will buy some more if it moves above
askresearch.com
Good Luck

Don
Betty good to see you post again
I was getting worried and was going to send out a search squad.
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