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

To: Zeev Hed who wrote (778)	3/30/2000 1:35:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Here we go, catching falling knives again, I completed my SCON position at $38.75 and it went straight down from there. Got some more HAUP at $17 bringing down this average to $18.5. It should bounce to the $24 to $28 area once this market stabilize. We are under 4600 in the naz, but what puzzles me is that the breadth on the NYSE is pretty solid. Since the NAZ is cap weighed, it is possible that this decline is concentrated in high caps/high tech. By the way, ANCR is acting extremely well a so does VLNC. Zeev