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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: ajtj99 who wrote (46607)4/3/2002 7:44:03 PM
From: DlphcOracl  Read Replies (2) of 99280
 
ajtj99: Quite frankly, any bounce will be so shallow and short-lived it is probably not worth playing. The risk does not justify the potential reward. Zeev is "dead on" (IMO) when he says a Spring rally is unlikely. The technical damage is severe and there are no new factors on the horizon which I see that will stimulate an intermediate-term rally. If the market hasn't responded positively to the consistently excellent economic data that has been released over the past several weeks, I think it is unlikely to be moved positively by the upcoming earnings reports.
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