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

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To: mishedlo who wrote (49788)4/10/2002 8:39:36 PM
From: ajtj99  Read Replies (4) of 99280
 
Mish, the way the NDX closed, I have my doubts about a rally tomorrow. The COMP closed up to a high, but the NDX closed down. COMP new highs at 262 today, which is quite amazing. The new lows contracted a bit to 53 (from 58 yesterday).

The big caps need to be in on this thing for it to move any further. I think we could be range bound for the time being.

On a positive note, we had some volume today for a change on the COMP, which should give legs to a legitimate reversal at hand.
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