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


To: Zeev Hed who wrote (2785)6/26/2000 5:01:00 PM
From: Logain Ablar  Respond to of 30051
 
Zeev:

I don't have access to that level of detail. I guess at some point I should subscribe. Thanks for the info I haven't had calls in the stock since January but they look attractive again. Next resistance is @ $26. I readily admit I can be wrong (and in a downtrend I have proven I can be wrong quite often).

Anyway we are still not off of life support on the DOW and S&P. I would like the DOW to get above 10,600 area on a close and the S&P to at least move to 1,470 (and a move above 1,485 would be better). As long as NAZ stays above 3,800 we should be ok (although I'd be looking real hard at my positions on a break below 3,825).

The fiber stocks may lead the next leg up after the Corning news today. Too bad I don't own any (I don't put qlgc/ancr in this category). They had a good run today and will probably just keep running.

If memory serves July is one of the better months for semi's. Besides the holy name I entered a position in CDTS for a quick trade today.

Tim



To: Zeev Hed who wrote (2785)6/26/2000 5:31:00 PM
From: xcr600  Read Replies (1) | Respond to of 30051
 
Great call with ELON. Like a fool I sat and watched with my mouse stuck up you know where.

Did pick up some SNDK though. Looking for some QCOM on a dipster tomorrow. (sub 63 looks tough though)

btw, the "holy name" traded 115k today in block vol.

p.s. I gave up on the MDD thread a long time ago. Sounds like the world was suppose to end months ago and we are on borrowed time. I'll join a cult if I want that type of doomsaying.