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Strategies & Market Trends : Steve's Channelling Thread

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To: LiPolymer who wrote (5771)	10/2/2000 3:12:24 PM
From: Zeev Hed	Read Replies (1) of 30051

Gary, I fear that the break of the 9/22 lows on the naz kind of seal the fate on this market, and I also fear that 3550 the low of the last major decline will give way today, nothing there to stop us but the late May lows at 3050 or so. It does not mean will get all the way down, but we will need some severe readings of sentiment (despair) before we can turn, IMHO. I for one just finally manage to get rid of BRKS just above $31 a little while ago. It could rapidly move to $35 or so, but I am "scared" and reducing exposure as a much as I can. As for the turnips, they were wrong and are going to be replaced with a new batch (G)>. They worked pretty well since their first warning late in February and their subsequent calls of the up and downs, this decline they missed by a mile both in the size of the decline and its temporal extension. Zeev irrevolute.iuma.com

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