Zeev's Turnips - No Politics Message Board

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

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To: ajtj99 who wrote (48834)	4/9/2002 1:09:48 AM
From: bobby beara	Read Replies (1) of 99280

aj, we had what many would call a key reversal day, 1120 was a huge pivot on spx and we tailed into it today with some huge put buying this morning, there was a tail in late march off the top that some described as a hammer, i described it as a hanging man, i would describe today's action as a definite hammer after a one month downtrend off the 3/11 top. todays action on naz produced a lot of bullish engulfings, and piercing patterns on a lot of stocks i follow. if you have been trading the bearish trend since mid feb, it's time to place stops imo and not be a bear klown.

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