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

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To: sylvester80 who wrote (8170)11/26/2001 7:27:06 PM
From: Robert New  Read Replies (1) of 99280
 
Funny thing is that was the same thing that was argued on the downside...the low volume but yet the market continued lower. I think we are seeing the reverse where the sellers have been washed out and the demand is and has been in control since 9/28. How far this goes is anyone's guess. Given liquidity, low rates, seasonality, and the huge amount of cash in MM funds I say we go higher. We have not yet seen any signs of a buying panic and when that ensues that will likely tell us that we are at/near a near term top.
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