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

To: TREND1 who wrote (23241)	8/7/2001 3:42:49 PM
From: brightness00	Respond to of 30051

I see, you are under some serious handicap here. IMHO, CSCO has another up-swing wave left, perhaps to be paid by the shorts. MU may not breach its 44.xx recent high in the coming CSCO up-run / pre-FED mark-up, but will probably take out your 41.75 stop before turning back. In the worst case (for bears), the $COMPX may well be finishing its three-leg retrenchment on the 30min chart, and ready for take-off, though I wouldn't count on that considering ZEEV's turnips. I give up going long whenever ZEEV turns bullish, and stop major shorting when Larry turns short; the market is so treacherous that it makes major turns only when the experts throw in the towel. Since Zeev didn't throw in the towel (in his comentaries) last time we approached 2100, the $compx may well have another leg left. Best wishes, Jim