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

To: U.B. Green who wrote (23141)	8/6/2001 8:30:29 PM
From: Zeev Hed	Respond to of 30051

If we get a morning ramp, I think that you should be able to get $39 and change on MERQ, and probably $5 plus or so on RDRT. TSEM is running into some serious overhead resistance here just under $11, I would get out few minutes after the opening, you probably should be able to get $10.75 or so. I think all three could retest their recent lows. ADCT, unfortunately broke much more than I thought it would, I believe it could run back to just under $6 before it consolidates again. I believe that the fall to $4.40 was a volume price reversal pattern, and while such patterns often get a retest just above the prior lows, I would use such a retest to increase the position, eventually, because of the Vol/Price reversal pattern, it should be able to ascend well above $6, but that will take a little time. I hope that helps. Zeev