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

To: U.B. Green who wrote (2229)	6/9/2000 11:40:00 AM
From: Zeev Hed	Respond to of 30051

Berniw, no, I am not in QLTI (I wish I was). As a matter of fact, right now I am almost at MAX cash (only XIRC not sold from the trading positions). I tried to edit my last post to you to add that I sold this morning with RMBS also ASCMR for a minimal profit, but until it accepted reloading, the time window for expiration was out. Right now, I still see a pattern of distribution and excess compacency (the put/call ratio at .4 occurs near major tops, not breakouts), so I do not think this move is going to have staying power. The volume has not increased on this rally in a gradual manner as it is supposed, on the contrary, the higher we went the lower the volume was, so I am sticking with my current forecast of 3400 before you have to rush in. Some positions like QLTI, you may want to keep. Zeev SI still very bad.