Zeev's Turnips - No Politics Message Board

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

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To: LTK007 who wrote (8280)	11/27/2001 7:44:30 AM
From: ajtj99	Read Replies (1) of 99280

Yeah, Max. The lure of round numbers and the 200-day SMA. I think we go down the next couple of days before the end of month/beginning of month buying kicks in. That may be the stimulus needed to get us to the "promised land". The 60-minute charts are looking pretty extended. One interesting possibility - another new high next Monday with a corresponding pull-back afterwards. Another thing to remember is that our higher highs have been incremental - 1888, 1922, 1934, 1941 since Nov. 8. That's 53-points in about 3-weeks, or about 18-points a week. The last 2-weeks it has been only 19-points, or less than 10-points a week. What I'm saying is that it may take us 2-shots to get this top in, and maybe another 2-weeks to accomplish it. If we get past the 200-day SMA on the COMPX, we could go to 2000 real easily. COMPX 1840 seems a bit of a longshot this week. 1888-1897 seems a better bet for a pull-back, BWDIK.

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