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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: LTK007 who wrote (69547)5/20/2002 4:37:04 PM
From: Zeev Hed  Read Replies (4) of 99280
 
Some will interpret that as positive, "consolidation with lower volume", particularly in view of the fact that the painters supported 1696 with vengeance. However, the fact that new highs declined by a lot and new lows increased by a lot, and the preponderance of call buyers, indicates to me that tomorrow, after a "gap up", we may once more go into the downtrend and into that 1650/96 gap from last week.

Zeev
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