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

To: steve susko who wrote (6839)	10/27/2000 7:17:19 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Steve, if yesterday bounce was a bottom, the market is not going up far, IMTO. We simply did not have the "required" panic" at the bottom yesterday or the day before. We may be going through a "stretched bottom", but looking at some charts of some leaders like AMAT, today, I think we have more to go. INTC might have seen its bottom and few other as well (possibly even SCMR with its exhaustion drop to $52 yesterday), but unitl we see these retested, or critical levels exceeded, I think we are still in the process of finding a bottom. Right now, I am not unhappy for missing some "opportunities" yesterday afternoon and this morning, I robably would have been whipsawed again. The interesting thing is that none of my "Outrageous Bids" filled, well.... Zeev Zeev