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

To: Zeev Hed who wrote (3809)	7/29/2000 5:28:01 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Zeev: The two point chart. On the 1pt I have support @ $68 and with the SOXX support we had a technical bounce on Friday. In this market it can go down to $58 but at the momment I'm still holding 2/3 of my position in it so I'd rather it not drop back into the 50's. SNDK in the 40's after the last cc. Can happen in this market. 106 ---------------------------------------------------------------------------106 104 O X O X O X O 104 102 O X O O X O X 102 100 O X ----O --------X O X O -------------------------------------------------100 98 O X O X O X O X 98 96 O X O X O X O X O 96 94 O X O X O X O X O 94 92 O X O X O X O X O 92 90 O X ----O --------X O X O ----------------------------X O -----------------90 88 O X O X O X O X O 88 86 O X O X O O X O 86 84 O X O X O X O X 84 82 O X O X X O X O X O 82 80 O ------O X O X --X ----O ----------------------------X O X O -------------80 78 O X O X O X O X X O O 78 76 O X O X O X O X O X O X 76 74 O X O X O X O X O X O X 74 72 O X O X O X O X X O X O X 72 70 --------O X O X O ------O ----------------X O X O 7 --X ----O -------- Med70 68 O X O X O X X O X O X O X 68 66 O X O X O X O X O O X O X 66 64 O X O O X O X X O O X 64 62 O X O X O X O X X O 62 60 --------O X ------------O --O ----X O X O X -------------------------------60 58 O X O X O X O X 58 56 O X O X O O X 56 54 O X O 6 O X 54 52 O O X O X 52 50 ----------------------------O X --X ----O X -------------------------------50 48 O X O X O 48 46 O X O X 46 44 O X O 44 42 O X 42 40 ----------------------------O ---------------------------------------------40

To: Zeev Hed who wrote (3809)	7/29/2000 5:33:09 PM
From: orkrious	Read Replies (1) \| Respond to of 30051

Zeev, would you be so kind as to provide an update on the turnips' forecast for the monster summer rally. TIA Jay

To: Zeev Hed who wrote (3809)	7/29/2000 5:34:08 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Zeev: ON the NAZ 50 pt. we have support (note in bear markets supports can be cut like butter, as we've just witnessed) @ 3,400. On the S&P we just cut through the bullish support line @ 1,440 and we are right at the last breakout so if we hit 1,400 we can go down to the 1,370 area. Of course the market overshoots on the way down was well as the way up. 5050 O X * 5050 5000-O ----X O * --------------------------------------------------------------5000- 4950 O X O * 4950 4900 O X O * 4900 4850-O ----X O ------* --------------------------------------------------------4850- 4800 O X X O * 4800 4750-O X O X O ----------* ----------------------------------------------------4750- 4700 O X O X O * 4700 4650 O X O X O * 4650 4600 O X O X O X * 4600 4550 O X O X O X O * 4550 4500-O --O --O X O ----------------* -------------------------------------- Top4500- 4450 O X 4 X * 4450 4400 O O X O * 4400 4350 O X O * 4350 4300 O X O * 4300 4250-------------O X O ----------------------* ----------------X --------------4250- 4200 O X O * X O 4200 4150 O X O * X O 4150 4100 O X O * X O 4100 4050 O X O * X X O 4050 4000-------------O X O --------------------------------* --X O 7 O ------------4000- 3950 O X O X * X O X O 3950 3900 O X O 5 O X O X O 3900 3850 O X O X X O X X O O 3850 3800 O X O X O X O X X O X O Med3800 3750-------------O X O X O X --X O X O ----------------X O X ----O ------------3750- 3700 O X O X O X O X O X O X X O O 3700 3650 O O X O X O X O X O X O X O 3650 3600 O X O X O X O O X X O X 3600 3550 O X O X O O X O X O 6 3550 3500-----------------O X O X --------O X O X O --------X ----------------------3500- 3450 O X O X O X O O X 3450 3400 O X O X O O X * 3400 3350 O X O O X X X * 3350 3300 * O X O X O X O X * 3300 3250-------------* --O ----------------------O X O X O X --* ------------------3250- 3200 * O O X O * 3200 3150 * O X * 3150 3100 * O X * Bot3100 3050 * O * 3050 3000---* ----------------------------------------* ----------------------------3000-