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Strategies & Market Trends : Steve's Channelling Thread

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To: vampire who wrote (5853)	10/4/2000 4:47:21 PM
From: Zeev Hed	Read Replies (1) of 30051

That is what often happen at a bottom (and is reflected in the trend being well under 1.00, at one point the trend was down to .40 but the tic was still negative. Maybe we have the beginning of a turn. I think, however that this turn may be short lived (some timers quoted by Rich1 suggested next Wednesday as a bottom, and right now, I concur), meaning that we may run into some more turbulence. With my reentries today into QLTI, SNDK, SCMR, RMBS "the one", SCON and few other that I have from before, my cash position is at about 35%, but I may decrease this if i think that this is not the real McCoy. In the meanwhile, we had a lot of opportunities for scalping today and that has put some very nice cushions under the positions I got in. I just hope I can get back in RDRT under $10 (g). Zeev

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