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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (17376)	6/8/2001 11:59:24 AM
From: TRINDY	Read Replies (2) of 30051

Zeev, Congratulations on staying somewhat on the "dark side." What a strange market it is. Yesterday, BRCM preannounces and its price goes up. Today we get a JNPR announcement, and the Naz collapses, even with the questionable positive INTC news. My own indicators are flat to negative. Still slightly positive on the Naz, but today's action could turn that signal negative. It is interesting to see the pounding that Utilities have taken recently. Maybe we are entering a cycle where bad news has bad consequences once again. The strategy I am following for now is to buy/sell outliers, but only with part of my accounts. By that I mean to sell when the QQQ surpasses the 30 day MA and buy when it falls below the 30 day MA. In a market without direction, this has worked well for me. Like many others on this and other threads, your thoughts are closely followed. None can be always right in this game, but your words should always be considered. Cheers!

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