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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: jjstingray who wrote (46969)4/4/2002 2:14:42 PM
From: ajtj99  Read Replies (2) of 99280
 
jj, in response to turn dates, I think we need to keep in mind that what's happening right now is a test of the Feb. 27 pivot lows of COMP 1728 and NDX 1356. Until we get close to those levels we will need to temper any thoughts of a sustainable rally.

If those levels do not hold, the Feb. 22 lows of COMP 1696 and NDX 1330 come into play next. After that we've got NDX 1320 and 1300 along with comparable COMP levels.

Turn dates are good, but ultimately the test of these levels will determine when we turn, IMO. If we hit the low today and we turn, then that's great. It doesn't look like that's the case, however.
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