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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (28796)2/8/2002 8:00:01 PM
From: Fiscally Conservative  Read Replies (2) of 99280
 
Zeev

"one must admit there was a "touch and go situation there when we were bouncing against 1870 that the "very unlikely" scenario of a black Monday was looming, luckily, we held all day well above the 15 naz points decline which would have trigered a "to the hills" call"
Why did you expect a Black Monday post a Fridays close below 1865? Where in your mind is the support line below 1865. Would it be wrong to assume the next support would be 1840-1850 although weeker;considering the marketeers do not really want a wash out they would rally this point. This market has moved too far too fast in either direction since Jan 1. The swings here when played right should be making the "king-pins" rather rich. I am assuming this is really the game they want played here.
sorry for the rambling thoughts.
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