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


To: Logain Ablar who wrote (812)4/1/2000 5:53:00 PM
From: Zeev Hed  Respond to of 30051
 
Tim, note that we did not make a new high on the last NAZ run up. I think that the next run will end up even lower, right now, I think we may have competition for funds from the "old economy" that has done so well during the last NAZ retrenchment, and without having the biotech, net and chip engines to pull us (I think all three have suffered severe technical damage, in the order mentioned), I would be surprised to see much more than a DCB. I view the bounce from 4400 as a first bounce in what will eventually be a bear market. We'll have to see if there is enough liquidity out there to support new highs, at least in the SOX before you become more positive.

Zeev



To: Logain Ablar who wrote (812)4/3/2000 10:12:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
It looks as we are going to get another hit due to MSFT here, I got out at the opening from SCON (a small gain $38.5 to $40)) and CDTS (a small loss $31.5 to $30). If they give us lows like Friday, I might jump back in with short stop losses. I got to make up for last week massacre (G).

Zeev