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Strategies & Market Trends : Steve's Channelling Thread
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To: r.edwards who wrote (10943)2/8/2001 5:16:04 PM
From: Zeev Hed  Read Replies (1) of 30051
 
I think that the bottom of the channel may expand back down to the $71/$72 area, and the stock could bounce in a good market to the $78/$80 area, but do not overstay your welcome, since I believe it is destined within the next few weeks to visit the mid $60' ($65-3/4 was the January 3rd low, if breached, look out below). Both BRCD and BRCM are proceeding down faster than I expected them, indicating to me the possibility that both will breach their January 3rd lows, but we'll have to wait and see.

Zeev
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