Zeev's Turnips - No Politics Message Board

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

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To: Zeev Hed who wrote (11325)	12/6/2001 10:56:38 PM
From: t2	Read Replies (2) of 99280

Zeev, Just noticed that memory prices are moving higher again. Semis should resume their climb tomorrow. Tomorrow looks like a slam dunk for the bulls. Maybe I was was being conservative when I said minimum of 40 to 50 points tomorrow.<g> Not criticizing your system because you use it to find entry long positions but I think you TA is wrong in the current environment. When money flows go back to normal and it becomes more of a trader's market again, I would expect your system to start working very well just like it has this for so much of this year. We are in a period that is similar to the days we saw in late 1999, imho. Now we have the added factor of very low short term rates, funds under-invested in tech, record short interest, and signs of an economic recovery. That is why I can't see any other scenario but a rapid rise in the Nasdaq this month. Notice that Argentina or any other bad news fails to drop the market..that is an incredible sign of strength. JMHO.

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