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Strategies & Market Trends : Steve's Channelling Thread

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To: Bandit19 who wrote (14000)	4/4/2001 9:47:52 AM
From: Zeev Hed	Read Replies (1) of 30051

Nice grub there. As for Murphy, who knows where the bottom is, I think the error is assuming that here in time we are going to set a bottom, a real one, and thus looking at what prior supports in that area existed is leading his analysis (that is in essence how I got first th 1900 and then the 1400 areas for my long term forecast). All I see here is a bounce, not a bottom. I just got into QCOM again at $43-7/8 just after the open. At least it is a nice discount to my sell, but don' be fooled, I still think we will see sub $40' in this one before too long. I am just trying to recapture some losses. I also got out of MERQ at a loss at $32-7/8, ($2.125 loss) Zeev In edit, took a buck (almost) out of QCOM, out at $44-3/4. Will try again.

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