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

To: TREND1 who wrote (28966)	9/27/2001 8:18:26 PM
From: mishedlo	Respond to of 30051

Larry how about channels on these. This is from a post I did on the FOOL. Nothing else seems to be channeling much - just sinking. Perhaps throw in CCMP which seems to be "old reliable" =========================================================== Let's watch for trading ranges. Actually trading ranges are not bad at all. For example VRSN seems to be in a 43-37 channel right now. Short as close as possible to 43 and cover at 38. If it breaks 35 then it will head to the next lower channel, perhaps 36-28 or so. EBAY channel seems to be bigger. 47 to 40. Short as close to 47 as you can get cover at 42. Perhaps EBAY will pop up to next trading channel 48-56. If you short at 47 and it closes at 48 get out of the way. These are ideas and I have not verified these channels (they are off the top of my head) I will ask Larry for his channel ideas on these stocks. PDLI and QCOM are also at high enough prices so that shorting just a couple hundred shares and looking for a few points each time can be quite profitable. =============================================== Of course one does not have to short - one coould play both sides Are you game for these ideas? M