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Strategies & Market Trends : Steve's Channelling Thread

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To: Mike M who wrote (10950)	2/8/2001 6:23:05 PM
From: Zeev Hed	Read Replies (2) of 30051

I like QCOM as well, but am waiting for it to get just under $81 for me to jump in, there is no rational place for a stop till about $79 or so, and thus the current $84.5 is too rich for me. QCOM also painted a relatively ugly black candle today, leading me to believe it may get under $81 shortly. I actually think that tomorrows opening might be poor, and will improve later in th day, but the close, will deteriorate again, that has been the pattern recently for Fridays in down trends, the shorters do not fear going home loaded for the weekend. Zeev

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