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Strategies & Market Trends : Steve's Channelling Thread

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To: Bilow who wrote (7051)11/1/2000 3:06:41 PM
From: Zeev Hed  Read Replies (3) of 30051
 
No actually I am a seller in the $51/52 area and a buyer in the $44 to $45 area. If we break $52 with volume (and not after hours) then you buy and set a stop loss just under $50 for spikes and $51.5 on a closing basis, hoping for a fast run to about $63/65 (maybe even $68, the range was "extended on the last run up).

In the meanwhile, still believing that today is only a minor interruption of a minor uptrend (g), I just bought some VTSS at $68.125. Wish me well...

Zeev

In edit, I just sold the bu$$ at $48.5 seeing that the market refuses to make a turn. I have a buy in at $44.5.
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