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

To: The Prophet who wrote (10031)	1/10/2001 11:53:31 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

It all depends on wether the Naz can continue this rally past the high set after the fed's rate reduction. I am assuming that it will not and that we are about 100 Naz point from the current local top. I am still planning to reduce exposure by the end of today. As for SNDK, the last rally was to just above $33 and it is bumping against this right now, if it gets through it, it may run to about $39 or so, IMCO. I did get back into BRCM at $103.5 and in IDPH at $157.5 in case this assessment is wrong and we continue straight up. I probably will dump them if we start and weaken around 2:00 PM. Zeev