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

To: Fiscally Conservative who wrote (14176)	4/6/2001 11:17:45 AM
From: Zeev Hed	Respond to of 30051

I think we might have more selling ahead of us, and we may actually breach the 1716 low of the day. I think that the March 22nd on the big averages and Wednesdays lows on the naz will hold. Notwitdstanding this, I got back into VECO at $35.75, it is a $2.25 discount to my selling yesterday, and i like the "odds". I also got back onto the bu$$ here at $17.41, getting my cash back to 10%, so that should tell you i think we are still in a bottoming process where cash should be committed. I like the the biotechs are behaving, CRA has brokebn back up above $30 and showing a veru nice follow through. Zeev