Steve's Channelling Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Steve's Channelling Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: xcr600 who wrote (5262)	9/19/2000 2:57:21 PM
From: Zeev Hed	Read Replies (3) of 30051

xcr, yes, the low volume concerns me a little, but since we did not have a real "wash out" I expect the rally to be subdued at least initially. Let see how the volume behave (and the list of new highs) once we get through the 3895 area, if it is not starting to show signs of expansion, I'll do my "wory dance". As for shorting QCOM, I am not sure if it is going to be fruitful, since it has been one of the major locomotive of this turn, but on the other hands, it is almost 30% above its recent low of $58, so a retrenchment might be coming. I am not buying it here, but I would not short either, it is after all a clear breakout. Zeev irrevolute.iuma.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next