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

To: McNabb Brothers who wrote (11536)	2/22/2001 11:51:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I cannot give you an all clear signal until 2388 is taken back, all I can say is that I am getting to be close to "fully invested, I'll unload once I see a sign that this mini rally peters out, it is supposed to go into the afternoon and then be sold if a retest is to happen. Retest may not match the low just under 2200 achieved. A closing under 2200 will be very negative. I for one am already taking fe profits off the table, just got out of BRCM here at $66.5 for $2-3/4 and from BRCD at $41 for $1-3/4, from VTSS at $53-3/4, XLNX at $45 ($3.25) and QLGC at $38.5 (gain of $4). The bu$$ went for 40.25, it breached $40 and I 'll watch for a retest of today's lows. I also just took off all the Semi equip, CYMI at $22.25, BRKS at BRKS at $36.5 (both for $2 profits), NVLS at $44.25 ($2.25 profit) and VECO at $40.5 (a loss of $3/4). MERQ just went for $66.25 a gain of $2.5. Zeev