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


To: Zeev Hed who wrote (3097)7/11/2000 6:29:10 PM
From: Logain Ablar  Read Replies (1) | Respond to of 30051
 
Zeev:

YHOO has changed my stance. I was fearful today if it disappointed it would tank the nets and the naz so I went to 1/3 cash by the close. I now believe we are past this short term worry. Your scenario appears to be playing out.

The PnF indicators are looking more healty by the day.

Message 14028471

Also the ANCR I sold today will become QLGC tomorrow (now if it just won't run).

On the holy one I started the day with sell orders @ $24 - $26 and when the mm wouldn't move higher than $22.5 I just obliged them. Its probably me but something doesn't seem right yet with the stock (but I have been wrong on this stock before).



To: Zeev Hed who wrote (3097)7/11/2000 8:56:19 PM
From: john rieck  Read Replies (1) | Respond to of 30051
 
Zeev,

was wondering what level on the NAZ would be a signal that the summer rally is about to commence. Thus far, sellers took charge at 4054(FRI), 4028(MON) and 4029(today). Have heard several analysts say we need a catalyst to break out...do you think YHOO's earnings will do it? NAZ futures show +60, which still leaves us in the twilight zone of 4016.