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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (2652)11/2/2001 5:49:15 AM
From: Justa Werkenstiff  Read Replies (2) of 99280
 
I understand your point. Issue is whether we are at May 22nd as of last week or is it yet to come. Tough call and I have none to offer.

Chart of that period:

stockcharts.com[w,a]daclyymy[d20010401,20010601][pb50!b200][vc60][iUb14!La12,26,9]

My response has nothing to do with analysis inasmuch it has to do with perception. I don't get the feeling now that the bulls have the conviction of mid May yet. I have not seen too much in the way of bottom calling. I have not seen any "train leaving the station" calls. Where are the SOX upgrades and bottom calls? I have not seen too much in the way of silly analyst upgrades of stocks and sectors. Where are the strategist market upgrades? Where is Abby? Where is the table pounding? Maybe times have changed. Hard to imagine. Maybe I have just missed that nonsense and it has already happened under my nose.

I have not seen shorts question their decision as of yesterday. No offense to those short. Heck, I am even net short as of the close. But usually there is a period of self-doubt and that may be yet to come. Yet, of course, last week shorts had a very difficult time. But at the same time, I see a tired rally.

Anyway, those are my thoughts FWIW.
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