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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: lh56 who wrote (4579)11/9/2001 5:31:31 PM
From: Zeev Hed  Read Replies (5) of 99280
 
Well, TPD or not, one thing surely looks quite obvious. If this minor barely noticeable retrenchment (actually we finished up on all major indices) was just the "refreshing rest", we would have seen expansion of volume and particularly new highs, there is no leadership, as soon as the market turns tail but just a little, the new high list falls apart. In view of that, it is quite possible that next week will be down a little more than originally expected, something like at least 70 Naz points by expiry (just under 1760, and that is no violation of TPD, just logical deduction of future expectations, the next thing you know, they'll drag me through Salem and burn me as a witch on the stake.).

Zeev
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