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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who started this subject5/9/2002 12:38:06 PM
From: Justa Werkenstiff  Read Replies (2) of 99280
 
Warning: Yesterday, I said there was a scenario in which the down could come immediately. Looking at the markets now, I think this scenario could be in play because the retrace is very large given the strength yesterday. Longs take note. There have been occasions under these circumstances where the entire Nasdaq move has been retraced (and more) over the course of the next few days fwiw. Might suggest a backtest from below of max pain next week if this indeed is the case.
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