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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (42820)3/21/2002 5:12:14 PM
From: Justa Werkenstiff  Read Replies (1) of 99280
 
Zeev: If that was a "bottom" and looking at the broader market, I expect a minor new high in the SPX to come before month's end.

The island reversal on the Nasdaq should be good for some resistance. So I am thinking more along the lines of a double local top at 1950 at best unless we get some serious rotation and fast into the Nasdaq.

Re: "Maybe a run to 2050/90, another retreat with an "unsatisfactory" bottom at let say, 1950, followed by a run from about 1950 to 2250?"

I don't see that one now. I think the market is running on fumes here and the bulls get one more bite at the apple at best before the bears take control.
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