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

To: TREND1 who wrote (15403)	5/4/2001 10:12:36 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Larry, as I suggested few days back, we have a minor Maginot line at 2080, which if breached should lead to a rapid decline into the period May 9th to May 23rd (sorry, but the long topping formation since April 19th or so forced me to "spread" the next mini bottom as well). I think that the 2080 is going to yield later today, so, you will have just one watch (g). Right now, however, just for the next few hours, I deployed 6 stocks (reducing cash to 60%) just assuming that the 2080 is going to provide some temporary relief here. So, I am in MERQ just under $65, JNPR just above $57, QCOM at $57, CCMP at $67, IDPH just above $43, and IMCL at $36. Zeev