Zeev's Turnips - No Politics Message Board

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

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To: ajtj99 who wrote (87748)	6/27/2002 10:47:02 PM
From: yard_man	Read Replies (2) of 99280

interesting that the discussion is focused almost solely on a "retest" -- The idea that a supposed "retest" could be so close in price to an earlier low put in back in Sept seems kind of funny to me. I think in 3 trading days or less we'll be not testing the low -- but breaking it. If it doesn't happen, I'll readjust my stance, but very few think this is possible. Not only did equity p/c put in a very sharp reversal today -- the type of "bottom" that we had yesterday is simply atypical in a number of respects with others we've had -- the only exception I know of occured in February -- but it wasn't around the same level as a prior significant low.

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