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

To: westpacific who wrote (24540)8/17/2001 3:57:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
If the Dow line in the sand would have been breached, I would agree, but it held, so I think you get a relief bounce into Tuesday early afternoon. In the meanwhile, I took CCMP off the table here at $69.05 for less that $.50, but it adds, and QCOM at $62.42 for a little more than $.5.

Zeev



To: westpacific who wrote (24540)8/17/2001 3:58:12 PM
From: Crimson Ghost  Respond to of 30051
 
NAZ tick never got worse than -530 today. Not a good omen for Monday IMHO

Too VIX is barely over 27 and VXN about 52. These readings signal just moderate conern, no real fear -- much less panic. That is yet to come whether on Monday or a little later.

Bonds very strong again today. Another major short-term negative for stocks although a positive looking a little further out.


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