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

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To: Zeev Hed who wrote (11315)12/6/2001 10:34:05 PM
From: t2  Read Replies (2) of 99280
 
I can't imagine we get a sell on the news on the Taliban surrender or the Intel/AMD positive comments afterhours.

Today was supposed to result on a sell off just ahead of the Intel update. Everyone knew Intel was going to be positive and it was. No real surprise
Unbelievably the market just would not drop ahead of this...even Intel would not sell off ahead of the news that was totally "expected".

The AMD positive news was totally a surprise. That means the semiconductors should be flying again after a 1 day rest.

Based upon what I have observed today, I am betting on a minimum of 40 or 50 points on the Nasdaq to the upside.

btw--
Any early weakness at the open on the employment report would be an incredible gift to go long...just as we head into the consumer confidence numbers at 9:45---10 minute day trades basically buying at 9:30 and selling at 9:40 but I would do this only if there is a weak open. I am hoping for weakness at the open...such as easy trade, imho.
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