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

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To: TREND1 who wrote (3673)11/7/2001 12:00:20 PM
From: Zeev Hed  Read Replies (1) of 99280
 
Yes, extremely "overbought" here and, frankly, having don quite well since the lows in September, stepping aside seems to be "wise". The interesting thing is that two of my core stocks have actually broken down during the end piece of this ascend, (AGM and COO), so I smell "retrenchment" in the air. The market is pretty much following the scenario laid out last night (mark them down in premarket then a strong rally to about 1850). I expected a stronger sell off, and since I did not get it, did not "do lunch".

Zeev

Zeev
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