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


To: Alex MG who wrote (17184)6/6/2001 1:30:32 PM
From: orkrious  Respond to of 30051
 
Per CNBC, the Fed's Meyers on the wire saying he sees little growth for the US for a few years. The market is going to have a very difficult time rallying with this info.

Jay



To: Alex MG who wrote (17184)6/6/2001 1:34:19 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
Alex, I think you are right, and I have started to take these pre lunch bets off the table, only QLGC and IDPH were really "worth" the trip, I took off the first for a buck gain and the latter for $1.5 gain. JNPR I was lucky to get out with few pennies to the good and SCMRI got out under $11-1/4, for barely a quarter. I am still staying in ABMD, for the time being, hoping the biotech have another little run here. It is perched above an important support area which if breached could mean a nasty spill.

Zeev



To: Alex MG who wrote (17184)6/6/2001 1:44:50 PM
From: Kahlua  Respond to of 30051
 
Alex

Very nice short pick. Here is the PnF chart FWIW.
I have entered a short as well in here with a stop at 59 - the triple top breakout point.

stockcharts.com

Regards



To: Alex MG who wrote (17184)6/6/2001 1:53:53 PM
From: Justa Werkenstiff  Respond to of 30051
 
AG: They are running the semi equips along with INTC for the meeting. You know, INTC will reiterate its capex for the 100th time and these stocks will supposedly rally. Whatever. INTC seems to be getting stretched a bit on a technical basis in this area.