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 (24697)	1/25/2002 4:24:54 PM
From: DlphcOracl	Read Replies (6) of 99280

Recent Don Hays comments -- any thoughts on this? Over the past week, Don Hays has been extremely bullish, in no small part due to a recent ARMS (TRIN) reading of 1.50 on 1/18/02. He also mentioned that Peter Eliades of Stock Market Cycles had e-mailed him, stating that "the lowest TRIN reading over that 10-day interval was 1.143, something that had never occurred in the past 60 years". Don Hays believes that this represents extreme (panic) selling pressure and is a prelude to an explosive rally in the overall market in the near term. Looking at the Bollinger bands on the indices, they have all narrowed considerably which, as I understand them, also indicates an explosive move in the near term (although it does not indicate which direction the move will be in). There is also suggestion that the indices are bouncing off of the lower Bollinger band on many of the indices. I realize that Don Hays has been unrelentingly bullish since April 2001. Does anyone else see this type of explosive upside to the market over the next several weeks? Personally, I have no feel for a sharp move in either direction. Comments, both yea or nea, would be appreciated. DlphcOracl

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