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

To: Zeev Hed who wrote (771)3/30/2000 11:50:00 AM
From: rfisher  Read Replies (1) | Respond to of 30051
 
Zeev, in light of all the good news, I thought QLTI would actually go up today. Where do you see the next support area?



To: Zeev Hed who wrote (771)3/30/2000 12:11:00 PM
From: YxY  Respond to of 30051
 
Zeev there has been very few shares traded between 48 and 52 on the way up, so It was probably easy to trigger a sell off with the weakness in the sector. Now from 38 to 48 we enter an area with a lot of volume historically. The volume has been quite homogenous so I'm not sure we will test 38 on the other hand if 38 fail then the volume shrink until 25.

Also may be the FDA news is already anticiped and prevent QLTI from collapsing as strongly as many of its peers.


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