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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (24107)	8/15/2001 3:46:45 PM
From: Steve Lee	Read Replies (3) of 30051

MU trading strangely. Really tight range and the volume isn't anemic. I think someone has a limit in to buy to support. When that ammo runs out, it will go to 36 before the tactics are recycled. Praps wait till tomorrow for that if the end of day buying support props it up into the close. I think QQQ will bounce here into about the first 10 mins of tomorrow, but stay in the down channel and break 39 tomorrow - much like today's action. Edit, MU just made new lod. Thinking of closing some more puts as we are near strong support at 36 which should at least bounce it for a couple of days.

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