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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (82474)6/20/2002 6:04:18 PM
From: SirRealist  Read Replies (2) of 99280
 
These NASDy stairsteps are so amusing. 1460.71 was the 2nd lowest close last Sept. Today we touched 1461.59

The lowest Sept close was 1423.19, so tomorrow I expect we'll go to 1424... or maybe 1419 to shake out the weaker hands.

I still get the sense that we'll trade in the 1420-1495 range till FOMC announces. From Wednesday afternoon through Monday the 1st is when all the action should come.

Q: you mentioned an expected dropoff in gold near the end of the month. Dya think funds won't be window dressing with gold? Or is windowdressing impact overrated?
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