Zeev's Turnips - No Politics Message Board

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

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To: Kayaker who wrote (5353)	11/13/2001 7:49:27 PM
From: t2	Read Replies (2) of 99280

Kayaker, I have the same question. Just don't see how this environment is the same as what happened earlier this year. The low interest rates are putting a floor on this market. I can't understand how we can have a retest anytime soon...not unless the the economy really starts to overheat, pushing interest rates very high...a highly unlikely scenario in the coming months. Only a major external event can cause the drop, imho. ...but Zeev's turnips have a great record. (especially for those that are very active traders). Also from his posting, I get the idea that if the market breaks through his key resistance levels, it could be a new ball game. Maybe Zeev can correct me if I am wrong but the turnips seem to be flexible (change the indications) if certain conditions are met. Just have to remember that an economic cycle is really a cycle. Once you hit bottom, it has to recover with the odd exception like Japan. The recovery process is an incredible chain reaction...stable or rising markets leading to consumer confidence which leads to spending......etc.

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