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

To: gancho who wrote (4421)	8/16/2000 11:35:46 PM
From: mishedlo	Respond to of 30051

I had to step away before the close so I missed my target of 77. Zeev one upped me again. ggg But I did buy in at 78 1/2 and 78/78. I am hoping for a strong start in the AM. Day-traders are at it again. I also note that volume was not there today. Up on High volume. Down on low volume. This does not bother me. If it does not appear that 85 can be taken out I will bail in the 82-83 range if I can get it. If RMBS decides to gap down I will have to guess. Will probably sell and hope for low 70's. Say 71-72. Zeev is the real expert. but 240 (pre-split will offer support as well as resistance). I do not think RMBS will hit that low and there may be short covering ahead of options expiry. I sure would if I was short. So possible down day tomorrow (perhaps probable but hoping for an AM spike). Look for a rally on FRI or late thurs on short covering and last minute option buying. Just some guesses. How did I do Zeev?