Zeev's Turnips - No Politics Message Board

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

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To: 16yearcycle who wrote (33264)	2/25/2002 9:57:10 PM
From: ajtj99	Read Replies (2) of 99280

Eugene, before you get too smug with yourself, please remember the following: -The COMP had not yet touched the April Lows this run. -The SPX had already breached the April lows. -The NDX did a .618 re-trace of the Sept-Jan run. Any lower and it would have meant a re-test of the Sept. lows. -We reversed 26 points from the lows on the NDX on Friday by close, not 90. -I don't know about the 20% bear corrector thing. Did you apply that last summer when the COMP dropped to 1870? If so, you would have had a whopping rally to 1941 before you got your head handed to you. -A breach of COMP 1695 would have set a re-test of 1646. On the positive side, we had a candle that breached the lower BB and a bounce off the bottom line of a trendline. We also had oversold stochastics on the daily, which we had for a whole month last year. I think I did mention that I thought we'd possibly see an 80-100-point rally out of this, but I hardly agree with you that it was blatantly obvious from the few indicators you mentioned. There was a reversal candle on Friday, but those have been good for a day or two lately.

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