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

To: GTC Trader who wrote (3779)	7/28/2000 4:12:14 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

HB, they are all at "critical junctions". I was tempted getting into the holy one at $15, since the $14/$15 area has a lot of support, but a break leaves us with no support to $11, and in view of the market precarious condition, I stayed away. I am in CYMI from $43.125 this time, a little premature, and it could be bought between $40 and $41, the temporary breach of $40 was a fluke in my opinion, but a warning, if you buy Monday wait to see if $39 hold or not or buy around today's close 9if you have access to after market) but have a close stop loss. MVIS is a similar situation, $35 is the support, it was breached temporarily, if the breach materializes, it could go to the $24 or so area, very dangerous. I would wait to see what Monday is starting like before committing to any of these three. Good luck. Zeev