Zeev's Turnips - No Politics Message Board

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

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To: ajtj99 who wrote (19448)	1/7/2002 7:37:26 PM
From: The Freep	Read Replies (2) of 99280

<<Ork, I'm not convinced people are buying dips, but I believe technicians are buying key support levels on the charts while we are above the critical support levels that maintain this drive up. >> In other words. . . people (in this case technicians) are buying the dips. <g> Sometimes I think we all tend to want to define things too much. Calling this move from Sept 21st til now a "bear market rally" may be accurate. It may also be a "new bull." Either way, it's been a rally of around 50% on the Naz, and what type of rally it is really doesn't matter much in the short term. Now we're faced with wondering what the next move is. Let's say it's down. Then we'll be arguing if it's the next wave of the bear or a correction in the bull. . . . And meanwhile, people who try and play the trend in shorter time frames will care not one whit what type of move it is, only if it's playable. the freep

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