Zeev's Turnips - No Politics Message Board

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

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To: Zeev Hed who wrote (35819)	3/1/2002 5:38:07 PM
From: ajtj99	Read Replies (1) of 99280

Today's chart very much reminded me of the top in December. Just a long, drawn out curve upward. No spikes up or down. Volume was low, VIX and VXN very low. We may get a head-fake up here before we go back down to do a better test of the 1700 level. I still don't like the way that low was resolved last Friday. Dow may get to 10,500 before reversing back down for a re-trace. The key is the NYA. That index will tell us what's happening in the Dow and SPX. Right now the Nasdaq may be in the tail end of sector rotation and may benefit when it switches back the other way (from non-tech to tech).

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