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


To: gancho who wrote (6058)10/10/2000 6:02:21 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Well, the "one" actually acted pretty good and held well when everything fell apart. The problem is not over, however, if we start and get heavy margin selling, it may succumb and trigger many stop losses, so be on your guards.

Zeev



To: gancho who wrote (6058)10/11/2000 7:09:42 PM
From: Logain Ablar  Read Replies (1) | Respond to of 30051
 
gancho:

You need to be careful here. If the stock doesn't bounce
up tomorrow odds favor it goes to the next support level in the $11 range.

Today was a double bottom sell signal after two triple
bottom sell signals. Normally a signal for shorts to
continue applying the pressure.

24.00 | X + + | | 24.00
23.00 | X O + X + | | 23.00
22.00 | X O + X O + + | | 22.00
21.00 | X O X + X O + X + | | 21.00
20.00 | X O X O X + X X O + X X O + | | 20.00
19.50 | X 4 X O X O + X O X X O + X O X O + | | 19.50
19.00 | X O X O X O X + X O X O X O + X O X O X + |High| 19.00
18.50 | X O X O X O X O X O X O X O + X O X O X O + | | 18.50
18.00 | O X O X O X X O X O 7 X O X O O X O X | | 18.00
17.50 | O X O X O X O X O X O O X O X O X O | | 17.50
17.00 | O X O X O X X X O X O X O X X X O X A X O | | 17.00
16.50 | O X O X O X O X O X O X O X X O X O X O X + O O O |Avg | 16.50
16.00 | O X O X O X O 5 O X O X O X O X + O X X O 9 O X + O | | 16.00
15.50 | O X O X O X O X O X O X O X O X + O X O X O O + O | | 15.50
15.00 | O X O X O O O X O X O X O X + O 8 O X + O | | 15.00
14.50 | O X O X O X O X O O X + O X O O | | 14.50
14.00 | O X O X O O 6 + O X O |Low | 14.00
13.50 | O X O X + O | | 13.50
13.00 | O O X | | 13.00
12.50 | O X | | 12.50
12.00 | O X | | 12.00
11.50 | O | | 11.50