I can't believe that you posted a bullish chart. -g-
Those trendlines look eerily like Zeev's initial targets (from over a month ago). I have NO idea where he stands now -
------------------------------------------------------------------------------------------------------------
Jerry Favors Analysis - Wednesday, August 7, 2002.
"The market began the most recent rally phase up on Monday of this week, and
despite the fairly wild gyrations we have seen to this point, there is no signal, as
yet, that this week's rally has peaked. So far, the rally which began off the July 24
lows peaked at 8762 on a print basis and
8806 intraday on July 30. While we believe the current rise can still go somewhat
higher tomorrow, we believe it is unlikely the 8806 intraday high of July 30 will be
significantly exceeded, before we turn down again more
strongly."
Message 17853920
-------------------------------------------------------------------------------------------------------------------------------------------
PnF alert.... from Aaron Task of RealMoney
8/09/02 02:50 PM ET
Kevin Depew of Dorsey Wright & Associates reports that the NYSE Bullish
Percent "reversed up to X's at 30% today indicating the offense is on the field for
NYSE stocks." Sectors that have already reversed up to offense are the transports
(non-air), healthcare, leisure, gaming, drugs and biomed.
The OTC Bullish Percent, by the way, "remains on defense and more than 4%
away from a reversal for that side of the market," Depew reports. |
