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

To: Bosco who wrote (1064)	4/17/2000 5:56:00 PM
From: Zeev Hed	Respond to of 30051

I am not sure yet if the debacle is over, I would feel much better if we take out the early April lows (3650), or better yet that days closing just above 3700. But, some of the stock I was looking at were reaching support (I missed VLNC which beautifully reached $11.125, but I was out when that happened and was not going to chase it, the same with HAUP in the mid $8, where the old support was at $16.5 pre split). I felt that lowering cash to just under 50% is as much exposure I want to take right now since I think retest here or at least later in May is quite probable. Zeev