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

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To: pompsander who wrote (44982)3/28/2002 4:20:32 PM
From: Zeev Hed  Read Replies (3) of 99280
 
Exactly pomp, a toping market might have advancing indices, but will more often than not have contraction of new highs. One of many reasons I think we have at least 1930 in the coming rally. If those highs keep expanding next week, we could challenge the January high at just under 2100. The only thing I'll change from the original scenario from December, right now, is that the first leg of the rally will not be violent and very strong, and that the ultimate target may not reach my original optimistic goal of 2250. I have already alluded to that change in the last two weeks, by terming the coming rally a "stealth rally", one index is up, the other (like the Dow) down on some days, but on the average they both slowly climb up.

Zeev
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