Zeev's Turnips - No Politics Message Board

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

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To: sylvester80 who wrote (36579)	3/4/2002 12:00:49 AM
From: t2	Read Replies (3) of 99280

The Mother Of All Rallies on The Nikkei: Up 552pt +5.11% Syl, Maybe a Global Markets Melt Up. Something just does not make sense. That rally is very powerful....can't just be all short covering. The move from 9k to 11k is just too fast! Maybe the "big boys" are getting hurt big time over there. Could that mean their pain is about to begin over here....and did it start on Friday? Sitting on the fence right now but thinking that a MELT UP is possible....and taking this possibility very seriously now. I want to see how Nikei closes--along with the other Asian markets...will there be profit taking before the close. Also need to see how Europe goes. Going to make up my mind tomorrow morning whether to add more longs (SnP names)and unload my remaining short positions. The biggest problem I have is still with the P/C and low VIX, VXN. ..or might just sit in cash and buy a bunch of cheap call options until the market gets more rational. jmho

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