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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (989)10/20/2001 11:29:38 AM
From: getanewlife  Read Replies (1) | Respond to of 99280
 
Zeev, Does the word "delta phenomenon' in market prediction mean anything to you? Is that just a fluke or for real?

gf



To: Zeev Hed who wrote (989)10/20/2001 12:04:50 PM
From: Justa Werkenstiff  Respond to of 99280
 
Zeeev: Unless the Sox breaks its cycle high of 475.12, there will be no Comp. 1750 plus again on the Nasdaq short term and there will be lower lows set on a retest in the Nasdaq IMO. On October 17th, the Comp. surged on the open to new cycle highs and the Sox never exceeded its high of October 11th on the 17th. Not good. Sox 475 has operated a solid ceiling with five daily high touches in the general area. There is much talk about a Nasdaq island reversal. Problem is that the Sox has not had such an island reversal. As you noted, it did not exceed its pre-attack level.



To: Zeev Hed who wrote (989)10/20/2001 12:10:45 PM
From: Justa Werkenstiff  Respond to of 99280
 
Zeev: Re: "I don't feel too good about this forecast due to the lack of achievement of certain "milestones" so far."

One way to look at the Comp. is to view it as a rectangle held in check by a huge white candle bottom reversal followed by a huge black candle reversal. One can view the lows set on September 21st as a touch out of the box. I think you are projecting an upward touch out of the box.