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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (73557)5/31/2002 6:36:57 PM
From: J. P.  Read Replies (1) of 99280
 
The last half of the day fallout seemed like it was very short term and manufactured by leaning on the NQ's, perhaps some end of month shenanigans. Although the headline COMPX number will say down, it was still a constructive outside day, in my view. The big Nasdaq 100 futures were up and are still up along with the Spoos during the markdown.

stockcharts.com[m,a]daclyyay[dc][pb50!b200][vc60][iUi14,3!Lh14,3]&pref=G

I think the market wants to lift here, and any stabilization news out of India and Pakistan will send us up to test some resistance at NDX 1375. Continued sabre rattling over there will keep a lid on the markets because of the real threat of nuclear warfare.
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