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

To: Justa Werkenstiff who wrote (15329)	5/2/2001 3:49:09 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Justa, I have noticed many of the equip guys breaking to what would usually be "strong resistance (like the $32/$33 on CYMI), but somehow, I don't think it is going to lead to "the promised" land. You might be right with that painrt. The problem with playing the dark side here is that stop losses cannot be set too rationally, just a 10% to 15% max pain type. AMAT and NVLS can probably be paid with SL just above their respective last two weeks high, which is much less than 10%. Zeev