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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (6111)	10/11/2000 12:46:26 PM
From: Zeev Hed	Read Replies (1) of 30051

Well, we got to 3103 on the Naz, which was my Turnips latest verdict, and earlier today the bell rang for a bottom, accordingly I went to only 15% cash, most positions bought today and yesterday are doing quite fine. The trend went under .50, we had two days of a tic in the -1200 or so, but the NYSE tic never really gave us a buy signal, maybe it will come later this month as your cycle guy suggest. While my SSTI is still under water, it never got low enough for me to double up. I just took the SCMR off the table here at $76-3/4 for another $4-3/4 gain. I will consider reentering if I can under $74 or so. I also took CMRC off at $64 for a nice $5 run, and will consider reentry as well. Zeev

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