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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (46)12/22/1999 11:22:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
BRCD was just on the verge of breaking through to a new high, and momo players often rush in at that point. As for RMBS, I agree with you that it could be a violent move and soon, I just do not know if it is going to be up or down. The support in the $66/$67 looks quite solid, but if it is breached, you'll have to say goodbye to those calls. If RMBS does not close above $73 soon, the next move might be down.

Zeev