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

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To: Justa Werkenstiff who wrote (25018)1/29/2002 6:00:34 PM
From: Justa Werkenstiff  Read Replies (2) of 99280
 
Justa, excellent analysis yesterday <gggg>:

"... but the VXN and the VIX are saying for longs to take shelter. These sentiment cliff dives without price appreciation have been ominous warning signs, especially at the end of the month. See June and August of last year."

"On both prior occasions, the rally was complete within 7 - 8 days at which point the market sold off into the end of the month and continued selling off into the next month."

"The nasdaq performance the past three trading days mirrors the trading in those two rallies that marked the top."

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