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


To: TREND1 who wrote (23084)8/6/2001 1:09:43 PM
From: Rich1  Read Replies (1) | Respond to of 30051
 
Bought some TARO this morning at $35.54 and just sold it at $37 still holding my other position...
Looking at your chart Larry the 50DMA at 12/14 was a good buy...



To: TREND1 who wrote (23084)8/6/2001 1:09:46 PM
From: TREND1  Read Replies (1) | Respond to of 30051
 
For BEARS only.
Am getting ready to short MU at the close.
With 3 hours to go the up channel is BROKEN.
If it remains broken, then short MU.
Since I do not short, let's use "short MOC"
and assume it can be done.
For MU will wait until one hour before close
to post decision.
But have to say it is looking good here.

Comments? (from my bear friends only)(g)

Larry Dudash

edit: if the short goes off today, the buy stop will be today's high of 42.45. Never trust MU(g)



To: TREND1 who wrote (23084)8/6/2001 1:19:54 PM
From: Zeev Hed  Respond to of 30051
 
My inclination is to stay away from TARO right now, I may play a bounce if I feel the sector will become stronger, but the breach of 36.50 scares me if it closes under that today. If I see a bunch of bids appearing here, I may decide that breach was a fake.

Zeev