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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (989)10/20/2001 12:04:50 PM
From: Justa Werkenstiff   of 99280
 
Zeeev: Unless the Sox breaks its cycle high of 475.12, there will be no Comp. 1750 plus again on the Nasdaq short term and there will be lower lows set on a retest in the Nasdaq IMO. On October 17th, the Comp. surged on the open to new cycle highs and the Sox never exceeded its high of October 11th on the 17th. Not good. Sox 475 has operated a solid ceiling with five daily high touches in the general area. There is much talk about a Nasdaq island reversal. Problem is that the Sox has not had such an island reversal. As you noted, it did not exceed its pre-attack level.
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