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

To: Bruce A. Thompson who wrote (10016)	1/10/2001 9:55:46 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Well, a very nice trip on IDPH, all the way to $150.5, for a neat $8.5, not bad for a day in which everything has opened down on me (g). Zeev In edit, just got BRKS at $28.25, playing it for a bounce, the semi equip are nmow dangerous, I still need to extricate myself out of AMAT, I hope it bounces a little here. QCOM is getting dangerously close to a major trend reversal, it has to close above $68, I believe or we go back to $50. In reedit, CYMI just went at $28-7/8, a nice $2-5/8 flip.

To: Bruce A. Thompson who wrote (10016)	1/10/2001 12:19:51 PM
From: Bosco	Respond to of 30051

Hi Bruce - that is so true :), especially human psychology. I mean, law of nature is anything but sfgate.com but the human mind keeps insisting the world should not change too radically else it ruins the human vision how heaven and earth should look like <gg> But I digress! Fwiw, maybe the pundits are applying the Fields of Dream concept [you know, "if you build it, they will come"] by repeating how the Naz has bottomed, here is another one, from CBS MarketWatch Better days ahead? --11:54 am - By Julie Rannazzisi A couple of technical analysts pointed to positive technical signals which suggest the Nasdaq may be finding its footing. "While we have so far not seen any firm evidence of positive reversal, there is a potential pattern unfolding in the Nasdaq that suggests a short-term rally may be in the making," said Terry Danish of Investec Ernst & Co. He pointed to Monday’s reversal, which saw the Nasdaq recoup most of its losses. Dain Rauscher’s Robert Dickey said the semis are the first group that appears to be completing the bottoming process to begin some better trends. "The advance-decline line is still weak for the Nasdaq but the new high/new low ratio is showing some improvement," Dickey noted. And the breadth picture on the NYSE is even more encouraging, he said, as the advance-decline line and the high/low ratio have both been on the mend over the past three months, suggesting better times lie ahead. They got no objection from moi <VBG> best, Bosco