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


To: Zeev Hed who wrote (1506)10/25/2001 12:45:54 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
Here are the Q reentries here in the last 15 minutes, BRCD, $24.65, BRCM $35 even, QLGC , $39.50, EMLX and JNPR both at $24.75, all nice discounts, also back in CCMP at $62.15, a premium and a big one. Also back in MERQ at $25.50 and MU at $22.14.

Zeev

Forgot to mention a GTC in NEWP at $16.34 (discount of a buck from last sell, as promised) got "caught" so I am back in this one as well.

In edit, DNA just went here at $52.5 for a very neat $5 profit.



To: Zeev Hed who wrote (1506)10/25/2001 12:47:42 PM
From: Stockdoctor  Respond to of 99280
 
Zeev, looks like market wants to churn for couple of days downward before making that push to the 1800 level. It seems to be doing you two steps forward and one step back process quite well.



To: Zeev Hed who wrote (1506)10/25/2001 1:49:57 PM
From: Jdaasoc  Respond to of 99280
 
I still think we will go above 1750 or so before then.

Recently I noticed someone posted that QQQ was NDX divided by 40. Resistance at 1440 NDX or 36 support at 1360 or 34. MA's are slowly rising off Sep lows and if market isn't steadily but slowly bought, they will bite NDX in butt from below which no one really wants.
Sentiment is way too strong right now, from now till end of year for any major selloff to occur so expect it to keep going up week by week.

Next year is a different story. Manufacturing is still in dumps, consumer is getting real, real scared and my construction contacts are indicating they are still busy with business but their backorders are shrinking. Thir cash postition is bad. They are in continual begging mode with their banks for next installment of their construction loans which take into account shrinking backlog of business.

When was that big pull back you were expecting.