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

To: Zeev Hed who wrote (2909)6/29/2000 4:06:00 PM
From: Logain Ablar  Respond to of 30051
 
Zeev:

I used those SNDK funds on WSTL vs. AMD. What an ugly chart. I sure hope $13 is / was the bottom. I entered 2/3 of a position. It may be a trade or I'll add some more on a break with volumn over $16.5. It had some good news today so we know its demand is exceding its capacity to produce (wouldn't the holy one love that problem) besides the floorless removal from a few weeks back.

Also added my last 3rd to the holy one. If they don't have a PO on Monday the POS is going to be ejected.



To: Zeev Hed who wrote (2909)6/29/2000 6:01:00 PM
From: xcr600  Read Replies (1) | Respond to of 30051
 
Zeev does your 3840 for naz support come from the fact that it's a 38.2% retrace from the April lows? I noticed that the naz failed to take out 4087 which would have been a 50% retrace. I breakout over 4087 should (could?) send us to 4334 area.

btw, I am basing these numbers on the high set in early March, not late March. If I used late March then the numbers need to be reduced a little bit.

Curious how much you use Fibonaccia numbers.


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