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

To: Logain Ablar who wrote (4214)8/10/2000 1:33:23 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 30051
 
Hi Tim,
I took a position in RMBS when it dipped down to 69ish this morning.

On the P&F chart you will see that 69 is a double bottom and there is a lot of accumulation in this area.

xocharts.com

On the r/t time chart, there was a small spike in volume on the dip to 69...certainly not enough to write home about, but at least we have a tight stop.



To: Logain Ablar who wrote (4214)8/10/2000 1:37:33 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
Well, Tim, I am too heavy in cash, so I just ventured back into CYMI, the same entry as my last trip $36-7/8, I hope this time to get more than $2 on the trade. I am also back into VECO just here at $68-7/16. These with BRKS (under water and almost ready to be stop lossed) is all I have in the semi right now. I think I should get few more, but SNDK and SSTI are refusing to come to the mid $50', patience.

Zeev


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