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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (50581)4/12/2002 9:04:51 AM
From: ajtj99  Read Replies (2) of 99280
 
Zeev, the thing that concerns me right now is the MACD and some other indicators that are getting awful low. If we do not launch soon, we really could get taken down hard in a parabolic drop during the end of April. I know it's not logical, as we usually don't see this kind of activity in the end of April, but that's what the charts are saying.

"They" need to distribute more shares, and some believe there is a "floor" under this market right now that is cushioning a drop. That may be what causes a rise here soon.

The Fed is the wildcard here. They are trying to prop up the market much like they were attempting in May and June of last year. We know it's futile, but we still have to respect their moves to put an invisible floor on the market.
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