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

To: Grashopper who wrote (2743)	6/25/2000 3:02:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Grasshopper, I do not follow ASYT. As for CYMI, I still think it is OK here. Unfortunately, right now the NAZ futures show -135 (I think it is not going to stay there come Monday morning), but if we get whacked here on Monday, I have another order in for CYMI just above $42. Longer term, I have lowered my "high for the year" from $85 to the $65 to $69 area. I am sure the poeple on CYMI won't like this "prognosis" since the competition there was not whether CYMI will reach $100 this year, but when, and Jay would not include my forecast that CYMI will not reach $100 in this semi cycle. (g). The caveat, as usual is "if it does not breaches $39.5 or so. The market is at a critical junction as far as the Do is concerned, and a breach of 10300 could cause a major additional decline whicjh could bring the NAZ to 3400 or so. If that happens, then my 40% cash position is much too low, I am assuming this does not happens and the turnips are right and the time to buy was in the period pf last Friday to sometime this Monday. Zeev Zeev