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

To: U.B. Green who wrote (11621)	2/23/2001 2:10:42 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 30051

Bernie: Don't get me wrong 33 area has been good support for the buss & it is a good bounce candidate (although the safer play is to wait for the court decision). I won't go on margin for the forseable future. Part of my port can't be margined (those gold stocks under $5, which now represent 15% of the port with ng stocks gone) and I readily admitt I can be wrong on tech, even for a bounce, so while I'm gambling this for a bounce no sense being greedy and getting hit by a bear claw. The NAZ Pnf 75 pt chart broke today with next support in the 1800 area. Futures are now forecasting 100% probability of 50 bp cut before next official meeting. In the october time frame if we hit -1600 and + 50 on tic and trin I may go on margin. Also if AG calls and lets me know 10 mins b/4 the cut I'd go on margin then too (but sell about and hour later).