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

To: Bruce A. Thompson who wrote (10101)	1/11/2001 10:52:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

For that kind of strength, I am definitely "underweighed" so I completed back the quartet, in BRCD at $86 (my last exit) and paid the piper on SCMR at $39-7/8. We are getting a typical bull market pattern of morning weakness and then heavy buying, the critical point is the post fed high around 2645 on the Naz. I may change the scenario if we take this out back to the origina;l high of 3050 for the Naz high in January. I am not convinced yet, my problem is Japan getting very close to a 10 years low, an indication of a brewing crisis in Asia and the election in Israel next month which may increase the tension in the ME.