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

To: TREND1 who wrote (23324)	8/8/2001 11:29:03 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Because you got to learn o trade in anticipation, not just within the channel. By the time a channel is established , most of the gains are gone. When you have a nice uptrending market, channels are perfect, but when the market is stuck in a narrow trading range, and you limit yourself only to the long side, you could anticipate (using the box technique) where a channel will turn. I think that TARO's channel is going to turn here after another test above the bottom of the box. It actually may have turned when it breached $36.5 momentarily. My current trade in IART, for instance, is within an upchannel, and I am hopping for a new high to be printed there. Zeev

To: TREND1 who wrote (23324)	8/8/2001 9:40:55 PM
From: mishedlo	Read Replies (1) \| Respond to of 30051

I said screw it and went nuclear short today. Shorted some at the open and kept adding stuff even though it went against me for quite some time. Closed my long on OMM but kept only one long in my trading acct, it was a good one NEM. I have never been this short. All the stochastics were HUGELY overbought, CSCO had terrible news so I just went and did it. Some relatively bad entries here as I jumped the gun. BRCM 44.91 MSCC 67.28 VRSN 54.10 NVDA 88.20 PMCS 38.45 AMAT 47.51 EBAY 65.55 BRCD 38.11 I am also currently short HD NVDA (more from a lousy entry at 82+) ERTS I should have loaded up more on BRCD because of EMLX Obvious in retrospect M