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 (33239)	2/25/2002 4:44:57 PM
From: t2	Read Replies (2) of 99280

VIX and especially the VXN turned downward and maybe that is positive for the bull case. That is, it has turned downward. Looking for a strong market going into Thursday but a weak day on the final day of February. Not looking to see a bounce on Thursday. If it rallies that day, it could mean the market is much stronger than it seems. That is the day to get out while the funds that have probably hoarded cash over the past 2 months finish deploying it--- and those that are will bearish will probably capitilize on it and short the Naz. Just a hunch. There was plenty of good news today and that also helped. I doubt the consumer confidence numbers are going to be better than expected tomorrow...and that could probably create a dip for an hour or two...will be "trading" long on such a dip. Still think Naz goes lower and the Dow probably does somewhat better on a relative basis. The relative strength of Naz versus Dow is probably just a one or two day thing, imho. I prefer to be long Dow as more and more want to jump on board this ship, afraid of dangerous waters (Nasdaq) in the coming weeks. jmho.

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