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

To: TREND1 who wrote (23043)	8/6/2001 9:50:39 AM
From: Paul Kern	Read Replies (1) \| Respond to of 30051

Larry, the QQQ has been in a down channel since May. See:http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=60&chart1=bb&s=QQQ&compare=&time=day&i0=1&chart=ohlc&i1=3&scale=linear&i2=7&i3=4&rbv=1&wpr=0&cci=60&obv=5&dmi=10&macd2=26&macd1=12&sd=5&sk=12&mt=22&rsi=14&lr=25&bbpct=2&bbprd=10&ma1=5&ma2=20&macds=9&smaema=0

To: TREND1 who wrote (23043)	8/6/2001 11:38:56 AM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Larry, I'll probably be un-snapping and reversing my reversible bear/bull suit later this week or early next week if we get to 1890 and look good for a bounce. Those horns really hurt when you have them turned inside out, so I'm looking forward to the turn.

To: TREND1 who wrote (23043)	8/6/2001 9:13:46 PM
From: mishedlo	Respond to of 30051

Larry So now you say I should have stayed in my MU short? It really seems like once you see a new channel it is toast. I got greedy and should have closed all my MU puts at 37. Turnips or no turnips MU ALWAYS seems to have another life. ng. I think the thing to do is cover at 37 no matter what and wait till 44 no matter what. If and when MU takes out 36 on volume we will finally know the distribution has been completed. But maybe the fund managers actually believe in this thing. Maybe they will NEVER sell their precious MU. If one fund has to hold it, do all the turkeys have to hold it. No one wants to miss the bottom on MU it seems. Amazing to me. M