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


To: orkrious who wrote (10130)1/11/2001 2:26:26 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
Jay, all I can say is stay with this trend, it is quite powerful and not excessive, it looks as if this rally may go without many interruptions to the end of the month, we'll have to see how the market absorbs additional bad news, but if this is the reaction to YHOO telling us that it will have its first down year in revenues and profits, we should not be too worried.

Even the beaten SC'a are running here... But, we are coming on 2645, the momentum seems there to go through it, but if we don't do it "decissively", we may come back a little. As I said earlier, any weakness between here and the 23rd of the month should be contained around 2400/2450.

Having said all that, I for one could not resist a 33% one day profits on SCON and just sold it at $6-3/16 (just bought this morning at $4-5/8)

Zeev