Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Bosco who wrote (5801)	10/3/2000 4:21:25 PM
From: Logain Ablar	Read Replies (1) of 30051

Bosco: Fundamently I don't like VERT. This is more from a product standpoint. I haven't followed them closely in over a year. They will have difficulty in their makket place going forward. Time will tell if management has the ability to adapt. On CMRC it cut thru 20, 50, 100 & 200 ema's today. Just no buyers all day. It should have held 60ish the 200 ema so this is not good. If it can't bounce back tomorrow above 60 the trend is broken. Shows what happens in a bear market where supports don't hold up when there are no buyers. We still have to deal with selling from margin calls. I expect we'll see quite a bit over the next two days which should put added pressure on the market. Zeev do you think the selling will be over by Thurs. am? Tim

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