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


To: U.B. Green who wrote (5507)9/25/2000 3:32:49 PM
From: xcr600  Read Replies (1) | Respond to of 30051
 
Turning into the abyss. Amazing the lack of followthru the past month.

fwiw, some rumors floating around from a crap daytrading site that csco and txn announce misses afterhours today.



To: U.B. Green who wrote (5507)9/25/2000 4:00:34 PM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
She turned alright, but it was to the left, very close to the abyss, as a matter of fact, the SOX is now breaching 880, and that is a very bad sign. I will continue and go more defensive. The thing that "P$%s me off is that we are only 200 naz points from what I still consider Max pain, and with recent additional sells earlier, I am getting quite high in cash. Yet, I got to follow the rules. BRKS went out earlier at $34.125 (a loss of $3 plus) and NVLS went few minutes ago at $50.5 (it breached last week's low where I added to my position, one position is a big loss of $7, a big ouch).

Zeev