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

To: Zeev Hed who wrote (5044)	9/13/2000 2:30:57 PM
From: anandnvi	Read Replies (2) \| Respond to of 30051

I opened a small trading position in rmbs @ 83.5 in the morning and ventured into ssti @ 28 during the first hour. Zeev, Im no technician, but for what it's worth, CSCO's flying today and that's as good a proxy for the NAZ as any. That and the STTI encourage me to believe that the NAZ is turning - I added to ssti @ 29.6. Regarding rmbs, I dont see any downside at all from here - if $76 held before the NEC announcement, I dont see why it wouldnt in the context of an oversold NAZ. BWDIK? Good luck Anand