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

To: Zeev Hed who wrote (17763)	6/13/2001 12:24:15 PM
From: MulhollandDrive	Respond to of 30051

More bagholders to come.

To: Zeev Hed who wrote (17763)	6/13/2001 12:36:29 PM
From: ajtj99	Read Replies (2) \| Respond to of 30051

It appears we've tried to get past 2185 3-times and failed (the first time actually got a bit past it, but not enough to count). That got us to a 50% re-trace of the drop from 2264 to 2105. That puts a run to 2202 doubtful unless you count the second and third move as one move (they were pretty close together). If we can't get past 2185, it appears we may drop to 2145 possibly tomorrow and back up to close on Friday 2155-2160, IMO. I've got an order for some QQQ July 45 puts at $1.80, but unless we hit 2200, it will sit. I'll get some on Friday otherwise during Triple Witching. Happy Lunch Rally to all.

To: Zeev Hed who wrote (17763)	6/13/2001 1:01:19 PM
From: Tom Pulley	Read Replies (1) \| Respond to of 30051

Zeev, could it be that the divergence you see is just that some sectors have transitioned to a bull mode and some are still in a bear mode? I'm just learning and studying short short term trading, so this may be a dumb question. But looking at longer term, the indicators I follow suggest that some stocks such as AMAT and MSFT have moved from bear to bull. On the other hand, JDSU,EMC, and Orcl have shown no indication of reversing trend. Curious your thoughts? Tom