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

To: Zeev Hed who wrote (2615)	6/21/2000 5:55:00 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Zeev: I didn't mean it would get to $52 just that is where the PnF bullish support line should be. I don't see it hitting $54 but breaking $56 is doable depending on how far the pullback is. It is always good to take profits and it was a good trade. You can always reinvest in another opportunity. I would like to see the market (naz)pull back and consolidate till at least the FED meeting. I'd hate to see the market take off or we run the risk of the fed raising in August (not predicting since its too early) and then we would be in trouble earlier rather than later. On a separate note VLNC seems to be forming a nice base but if it were to break $14 I'd assume many stops would be triggered and it could see the single digits (not that a MM would pull this trick). For this reason I'm waiting for some news before I reenter. There will be time enough if there is good news to profit. Have a good night. Tim