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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: bobby beara who wrote (15652)12/22/2001 10:03:17 PM
From: Justa Werkenstiff  Read Replies (1) of 99280
 
BB: Re: "...people who have remained bearish over the last 3 months have been fighting the tape."

Nasdaq has gone essentially nowhere since November 19th as of close Friday so two months would be right. Anyone who has shorted the index above this level since then is in the black now. So I would say the last month the tape has been undecided.

Re: "The good breadth on friday saved the 20 day moving average crossover sell signal on the naz summation index and if we follow thru next week with positive breadth it will turn the summation index back up."

Waiting for that sell signal in the last two rallies would have been an error. It lags.
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