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

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To: Jeff who wrote (56995)4/26/2002 11:08:27 AM
From: Jeff  Read Replies (1) of 99280
 
made this post yesterday.....

it shows the importance of following the SPX.....

the dow pierced its 200 day MA....and the nasdaq looked like it held support at 1696......

so da boyz had the perfect set-up to sucker folks in making those indexes looking like they held and came back strong...

but''''''''

the SPX never tested its 1074 bottom.....and since all the others INDU...COMPQ...NDX...were failing.....

it was just a matter of time before the SPX failed also.....

if you don't see the whole picture....

you catch falling knives...

Message 17382094
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