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

To: TREND1 who wrote (16833)	5/31/2001 12:45:10 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Larry, it could be, and the way you count the trend it is. The way i count the trend, the breach of 12095 yesterday put this advance in grave doubt. In any event, what strategy are you following here, the bounce from above 2052(8) leaves you in bullish territory, are you buying here with the trinq not above 2.00 (as a matter of fact well under 1.00)? I sold on the first mark up and bought back less than an hour later at some discounts, and right now I am waiting to see how strong a surge above 2120 we get before I decide what and how much more to sell. Zeev In edit, we printed a new daily high and that gives the market a little lease, and we may even get to that 12180, so right now, I am simply waiting to harvest some well earned profits here. SCMR just got sold just an iota above $9.90, yielding another neat 5.5%. QLGC also got sold here above $51-3/4. lly recovering yesterday loss and leaving a little change to the good. In reedit, BRCD just went at a little more than $40-1/2 yielding another $1.30.