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

To: TREND1 who wrote (22844)	8/3/2001 1:13:03 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

How do you draw your channel boundary? Last time you posted a chart to support that theory, you drew a line across the bottom of the candles, so by definition, everything was within the channel.

To: TREND1 who wrote (22844)	8/3/2001 1:22:40 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Could very well be, but my entry into the Q was only a lunch tactics, and if it does not work, I get out, got out of QLGC here t $42 flat, for a minimal gain, BRCM at $46 and EMLX at the same price I entered, the quintet yielded essentially nil on today's lunch tactics. No one said it always works. Also exited that second NOVN for just another $.23 this time, bringing the cost of the premarket entry to $18. Also doubled up on TARO just under $39, it just would not go to my target at $38. Zeev In edit, and as part of the "cleanup took out ZRAN here at $37.00, for a little less than $.5