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

To: U.B. Green who wrote (5413)	9/22/2000 10:54:44 AM
From: chip	Respond to of 30051

JDSU has reacted very nicely, though. It opened down about 5%, but its worked its way solidly and methodically back into positive ground. Chip

To: U.B. Green who wrote (5413)	9/22/2000 11:14:10 AM
From: Zeev Hed	Respond to of 30051

Bernie, I have not been able to look at the market all morning, I just stepped in to "assess" the situation. I still have a possibility of 3550, but I am much too heavy in cash, so I had few "outrageous" under the market orders, surprisingly, only two filled, EMLX at $97 and QLGC at $85. QCOM at $68, no luck, RDRT at $8.25, no luck and JDSU at $95, no luck. Few others as well, but c'est la vie. I am surprised we did not get that extreme reading, and while the TRIN got to 6, I doubt it was there long. It is now just under 1, and i think we will get another relapse. If we do not make a new low on the NAZ it may be safe to get back into the water, otherwise, I would wait until next Tuesday morning. Right now, I have to decide what to do wioth SNDK, it broke $75, but I'll wait before I act to see if this is a real lack of support or just the panic. Zeev