Zeev's Turnips - No Politics Message Board

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

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To: Jeff who wrote (59600)	5/1/2002 11:44:07 PM
From: Ron Dior	Read Replies (4) of 99280

This is a typical diagnosis of T/A at it’s best. Notice how all of this hard work and figuring has done nothing more than confuse not only those listening but the one figuring. Below was the natural progression of Jeff’s explanation of yesterdays rally and of today’s decline ( which actually turned out to be a rally) I emboldened the quotes that were most important to his theories. Message 17407817 there was a warning sign yesterday that the rally was a "weak" rally..... i made this post yesterday around 1:18....the key was....the 30-min and 60-min stoch were in overbought..... but the real key was...the whole rally was run into overbought "while the MACD was still under 0 on the hourly chart".... being above or below MACD 0 makes a big difference... Analysis told Jeff that the rally yesterday was weak due to the 30;60 minute stochastic being overbought. MACD being below 0 also confirmed this! When in reality the trade data yesterday had shown the rally to be fueled by short covering. Next below Jeff gets to show us how his hours of T/A got to accomplished it’s mission. Message 17408577 for those who think they can play this market with just fundamentals....and T/A is useless... ask yourself this... what changed in the time from yesterdays close to this morning to " give back all of yesterdays gains"..... See his T/A worked better than other forms of prognostication because as of the time of this post the market seemed to be tanking. But wait a minute…. Let’s read on. Message 17409527 they won't let this market die easy.... when insanity like today happens....theres a big move coming soon..... but which way.... Hmmmm…. Now searching for a reason as to why an oversold market would snap back he makes the above statement? It must be insanity because the market didn’t do what his T/A said it would. Now T/A tells him this must be a big move is coming…. The only thing it can’t tell us is what way the move will be. Maybe this thing will turn back down and Jeff will be right after all. Let’s see. Message 17410015 SPX...is overbought hourly...and 30 min is starting a roll.... anyway...yesterday and today were total b.s....end of month and first day new month.... maybe tomorrow the picture becomes clearer.... Nope it continued to rally into the close….. T/A ends up revealing that yesterday and today were BS. Tomorrow the picture will become clearer… MAYBE. Thanks Jeff for that humbling lesson…. Ron Dior

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