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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (1285)10/24/2001 7:31:27 PM
From: DlphcOracl  Read Replies (1) of 99280
 
Zeev: Your claim that we need to stay above the 50dma for several days and move towards 1800 prior to a significant retreat is counterintuitive. A move above the 50-day mva for a few days will trigger heavy programmed buying from institutional investors, which will draw in the individual investors fearful of "missing the train". NASDAQ will move rapidly higher toward 2000 in this scenario, IMHO.
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