Zeev's Turnips - No Politics Message Board

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

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To: Zeev Hed who wrote (3566)	11/6/2001 10:02:00 PM
From: Pierre	Read Replies (1) of 99280

I have not seen anyone commenting on two important numbers today, the NYSE tick went to plus 1250, a very extreme number. Thanks for the recap, Zeev. A question about the extreme tick - wouldn't that indicate a "blow off" that should yield a pretty dramatic turn around tomorrow? I would think a morning "mark down" with a run to 1850 not consistent with the last hour's action. With QCOM disappointing, and Japan tanking, it would seem we had a classic high volume blow off that last hour or so. Shouldn't we expect a strong retrenchment stating right out of the gate in the morning? Believe me, not here to argue with you, just trying to learn my trade by talking to the master. Since I am short the semis, I have a problem separating what I "hope" will happen from what the market is "signalling" will happen. I already have to hope Jay gets really "pissed off" tomorrow. :>) I'm afraid I've got too much hoping and not enough analyzing going on. Looking to you (as always) for enlightenment. TIA. Pierre

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