Zeev's Turnips - No Politics Message Board

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

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To: mishedlo who wrote (59414)	4/30/2002 11:22:11 PM
From: Shack	of 99280

I ain't no cycle guy mike. I do follow some fib time relationships but that's it. I also believe that there is something to anniversary dates for turns as you'll read below. In the intermediate term I am with you that we continue down for most of May. Strangely May 22 or so seems to mark turn dates in tech for the last few years. 1999 was low, 2000 was a low, 2001 was a high and I am betting 2002 is a low. In the very near term, bears seem to be waiting for slightly higher prices to short, and bulls have been buying the dip for a week and have called another interim bottom. So the market may once again screw everyone and solve this problem by just heading down right off the hop tomorrow. and we'll begin a more legit bounce from lower levels. I see big up in June. Puts are getting out of hand on the QQQ in June.

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