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

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To: Zeev Hed who wrote (73387)5/31/2002 1:35:44 PM
From: ajtj99  Read Replies (1) of 99280
 
The 60-minute charts seem to be pointing us down for the rest of the day. We'll see what Monday brings. I think the top for today may be in also.

The top today actually exceeded my expectations by about 4-6 points on the COMP. Lots of MA's and trendlines turning things back right now.

The SOXX is really behaving weak relative to how oversold it is.

The real story is the BTK is spent, and the daily is now pointing down. Turned back by downsloping MA's the past couple days.
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