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

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To: limtex who wrote (93743)7/11/2002 6:16:24 PM
From: LTK007  Read Replies (1) of 99280
 
My 150 i suspect overstated:). There is heavy, heavy technical resistance ahead. Limtex how many times have you seen these pops disintegrate? That is because of overhang.
When NASDAQ exploded from 2865 to over 5000 in a blink of an eye there was ZERO overhang, exactly that, 00.00.
Now you have the Ocean of Molasses above you, you have the greatest overhang in the history of the world ahead of you. To travel 400points is remotely possible, 1793, is remotely possible. But we will still see a 1000.
Frankly if i thought 400points were a piece of cake i would be entering tomorrow.
But i don't take that view. Max
Max
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