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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Jerry Olson who wrote (30777)2/18/2002 6:16:04 PM
From: Zeev Hed  Read Replies (3) of 99280
 
Options, the September explosion was not much bigger than the April one (but, admittedly with much better sentiment indicators than theMarch/April lows). Yet, since then we have dissipated a lot of the technical energy of the September lows. I still think those will hold, at least over the next few months, but here at 1800, we could be heading either way. The topping action, as Steve mentioned, was extremely "toppy" (lack of leadership, contraction of new highs etc....)

Zeev
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