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

To: Jeff Guy who wrote (11074)	2/13/2001 4:37:04 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Jeff, from here to the bottom, I think that rallies are going to be traps, we still have a bounce due from the 2375 and from the Jan low at 2250, but I will not play these as I did the Friday/Monday morning local bottom, too risky...A for the damage, that what happens when one is "exposed", I did a similar trick on January 3rd, and frankly, all the losses I took today are only a minor fraction of the gains I had on that single day. Apart of the ego, nothing else is really seriously bruised (g). I can't even blame the turnips, since their call was correct, I just happened to chose a sector that was ready to collapse and badly. On January 2nd, the same sector started a move which almost double all these. Zeev