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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: mishedlo who wrote (61535)5/3/2002 7:32:22 PM
From: farkarooski  Read Replies (1) of 99280
 
Jerry Favors
Weekly Commentary

For 4/29/02:

On Jerry’s Weekly Appearance on MG & the Stock Doctor:

Jerry expects an intermediate term bottom to be put in this week, if it hasn’t been put in yet <Ed Note: It hadn’t… after talking with Jerry… the Dow traded down to 9819>. But Jerry believes that there would be support at 9800, according to his 21 day, 3 ½ percent, exponential trading band.

Jerry still sees support on the Nasdaq at 1600. Jerry believes that the Bull Leg on the Nasdaq will last into next year, and that we could see a retracement of 50 % of the bear leg down. That could bring the Nasdaq over 3500. The New York Stock Exchange Cash Index will have support at 569. Traded below that level today.

Slightly longer term… Jerry is looking for a Buy signal if the Dow breaks above 10,326 (Print) or 10,380 (Intraday).

Over the next few weeks, Jerry expects a good strong rally, but not a run to the previous highs.

Jerry Definitions:

Short Term – Jerry is talking about situations expected to happen within the next few days to few weeks.

Intermediate Term -- Jerry is talking about something that should happen over several weeks to several months.

Please remember that Jerry may be “da man” BUT these are exclusively his views and he often changes his outlook as the week progresses.

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dude, I am trading in single digit shares ...
unfortunately I am not trading the Warren Buffet shares !!!
and my total portfolio value in the low 4 digits territory ...
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