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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Hobie1Kenobe who wrote (57862)	8/7/2000 9:08:30 PM
From: Zeev Hed	Respond to of 99985

JF, unfortunately I can play only the long side, so i step aside when i see a storm coming. As for RMBS, O got out today, and I am waiting to see how it handles the $62/$65 area, the next area of support. Medium term, short of their signing another major dramurai (and not the last the smallest of them like Oki), I think the stock could drift to the prebreak area (their is gap to be filled in the $57 to $59 area), and if it does not hold, I have major support at $45. My bet is that it will trade between $63 to $75 (it hit $76 oe so today) to the IDF meeting (in about two weeks), and then it either blows back above $100, or sink to the $45 area, I think that a lot depends on INTC stance right now. In the meanwhile, I am just trading it, almost day trading it. Good luck out there.