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


To: TREND1 who wrote (25493)8/24/2001 4:26:22 PM
From: TREND1  Respond to of 30051
 
Q update:
QQQ has a daily channel buy
None of the Q stocks have channel buys.
Larry Dudash



To: TREND1 who wrote (25493)8/24/2001 4:34:54 PM
From: William B. Kohn  Read Replies (1) | Respond to of 30051
 
I've changed. Today's action to me means I'm mildly bearish now daily, bearish weekly, and bearish monthly. I probably would switch the monthly from bearish to bullish as we get closer to retesting the current lows.

willyb

PS. I sold almost all positions today, although yesterday I did take some retirement money (about 3% and moved it from money market to Fidelity Select Technology). The rest of all retirement monies are split between money market, short term gov'ts, and intermediate govt's. I hope to be moving about 3-5% of my money per week out of these sectors and slowly back into the market, hoping to get to fully invested in stocks and stock funds by October in my retirement accounts.

willyb

As for Zeev like moves I bought EMC on the open, sold it way too soon. Also sold EMLX, rebought it at $.25 discount and then sold it on the way back up. Didn't get the top or close to it, but at least I made money. Will play the market swings more carefully in the coming weeks, hoping to make up losses of several dollars $.1 to $.25 at a time.