Zeev's Turnips - No Politics Message Board

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

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To: LTK007 who wrote (60191)	5/2/2002 4:08:51 AM
From: LTK007	Read Replies (1) of 99280

this was thresholdingtrading pre-open comments for yesterday--but i think pertinent<<May 1 pre-open: Relatively weak short covering rally started today.......could last a day or 2 but keep in mind, we remain in downtrends and the last two short covering bounces took the NDX composite up 14% in Feb and 6% in April (other indices / sectors had differing results but the point is that the bounces have been smaller as time goes on), therefore, this can only be viewed as a bounce in the middle of a downtrend>>

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