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

To: Steve Lee who wrote (28552)	9/24/2001 1:24:16 PM
From: Pierre	Read Replies (2) \| Respond to of 30051

Letting the QCOM short ride. Steve, I see good resistance here on QCOM (47.70 or so) and am thinking of selling a position initiated a week ago. Note you are still short, so assume you have a resistance "line in the sand" in mind, as well as a down side target. Would you mind sharing? I got burned pretty good on AZO - ignored Zeev's "new highs beget new highs" advice. Thought it would fade or remain neutral with retailers. LLL has strong resistance at 87.50 or so, 15 point gap it can retrace into if breaks support at 77.50. How's that for volatility. <g> TIA. Pierre