Zeev's Turnips - No Politics Message Board

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

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To: Steve Lee who started this subject	12/31/2001 11:12:26 AM
From: ajtj99	Read Replies (1) of 99280

I believe we may not have a sell-off in the beginning of the year. Here are some reasons: -we are in an uptrend from the Sept. lows. Money will follow that trend in early January. -last year's drop the first couple days of January had to do with deteriorating fundamentals, a dropping market, and early tax year selling by those wishing to book long profits from positions held since 1998, IMO. -daily charts on the Nasdaq, NDX, and many large NDX caps are pointing up, having in most cases broken their downtrends. The missing equation is volume, and I believe we may get that on Wednesday.

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