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Strategies & Market Trends : Zeev's Turnips -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (18)11/1/2000 8:57:42 AM
From: Carl R.  Read Replies (1) | Respond to of 644
 
That's good they disagree. Mixing turnips and eggplants yields no tasty concoction that I can think of. LOL

Carl



To: Zeev Hed who wrote (18)11/4/2000 4:29:36 AM
From: Carl R.  Respond to of 644
 
The rally so far, from Mondays Close:

DOT +17.0%
QQQ +8.2%
Nasdaq +8.2%
MSH +7.3%
XLK +6.1%
SOX +5.3%
RUT +5.2%
SPX +2.0%
DJIA -.2%
AMAT -.4% (a measure of semi-caps)

Thus far the rally seems to have strongest in the internet stocks and the big cap tech issues, but it also has been fairly broad and has lifted the RUT nicely, too. It's nice to see such breadth, which bodes well for a continuation into next week. I agree with your target of 3650-3950 on the Nasdaq, and still hold to my target of 91 on QQQ but am increasingly tempted to believe that it may only reach 87. QQQ despite its rally still looks technically weak on the chart. The Naz, XLK, SOX, MSH and QQQ all have yet to equal the Oct 20-23 highs yet, though the Naz, MSH and XLK are close. The internets have moved up convincingly, however.

In conclusion, the eggplants remain moderately bullish through Wednesday noon. LOL

Carl