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

To: mishedlo who wrote (4225)	8/10/2000 4:24:45 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

My "take" has been heavy in cash since Mid July when we reached the 4200 plus level, I got back heavy into equity once we reached the 3950 area a week later, but that was a classic whipsaw and I reverted back to mostly cash when 3850 was breached, through the recent bounce, I have not change my mind, but I do get into what I consider "bargains" (like CYI and VECO today). Sometimes, they work (I did do well on two BRKS trades since ($6 + $2), and the last one I gave back $2.875. Mt current stance is very close to 65% cash, and tomorrow it might even go higher if I am forced to take a loss on BVEW. Early today, we had small signs of panic (the Naz, TRIN run to 11, according to Yahoo), but most sentiments indicators still remained bearish, so I am not changing my stance yet. Zeev