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

To: anandnvi who wrote (919)	4/7/2000 4:11:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Anand, it is not too late to jump back on RMBS, in the after market you might be able to get the low $240 or so. In any event, while RMBS reports next week, I do not think that report will be "earth shattering" and RMBS is better bought on a break of $249/$250, such a break will indicate a strong potential of getting back to the $280 to $300 range. On the other hand, if we do not break, then by the end of next week we may start testing the lower part of the range at $200. Right now, however, I achieved my goal of getting almost fully invested since i still expect the combined themes of excess liquidity and good earnings to propel the NAZ at least another 200 points to the Fibonacci retracement of 62% (or around 4570). If we take that out and stay there, it might be an indication that this week panic was just that, a panic, and the mania continues. Zeev