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

To: Anthony Clement who wrote (21010)	7/20/2001 8:05:40 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Enjoy you stay there. Times are going to be tough and the following on these four stocks assume they will not break support, if they do, all hell breaks lose, IMTO. GMST above $45, a breach of $45 gets the line open to a fall to $35 or so, bullish target, well above $50. QCOM, buying range to $59, if breaches $47, I still have my $35 as a potential bottom. Very heavy overhead supply at $67/$68, not likely to take that out anytime soon. IMCL, target buying $41/$42, if it breaches $40, I don't know how low it could go. IDPH, target guying area $49.5 to $50.5, a breach of $48 open the way to the mid $30, a break above $55 could get it fast to the mid $60. Just m opinion, and you will be playing with fire for the next 4 to six weeks on the long side. Zeev