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

To: Zeev Hed who wrote (6622)	10/23/2000 1:28:09 PM
From: Rich1	Read Replies (1) \| Respond to of 30051

My cycle guy has a Macro (big) low coming the end of the month.. I have mixed emotions(Obviously dont want my LTBH stuff going down) since I am about 25% cash now waiting for his low..

To: Zeev Hed who wrote (6622)	10/23/2000 2:26:06 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Hi Zeev: On CMRC I now have weak support @ $70ish and $66 and we shouldn't revisit $60 unless market deteriorates again. I see this mornings resistance @ $74 area and I have the bearish resistance line @ $76 area. PnF is not too good for the ins and outs you do but may help others. I haven't checked the long term chart since it came public. Anyway with the b2b sector back in vogue and CMRC being one of the leaders (and undervalued in comparison measures, for what ever that is worth <gg>) I can see CMRC breaking the BRL and moving to a higher trading range. Note it was able to buck the September downtrend until an analyst came out with a down grade. If I remember correctly his reasons were proven inaccurate from the recent quarter. Tim