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

To: Zeev Hed who wrote (1575)	10/25/2001 3:15:13 PM
From: marginnayan	Respond to of 99280

The money flow for big blocks on NAS 100 for last 2 days was positive even while NAS 100 was churning. That's the reason I am asking. Plus today's action is just too hard to ignore. Even a mo-mo ignored dull stock like EMC is seeing real buying. So I need to be in sync with your turnips which have right so far.

To: Zeev Hed who wrote (1575)	10/25/2001 6:49:34 PM
From: Mike M	Respond to of 99280

So Zeev....here we are within 10 points (without the spikes) of your prediction for a top. If your market call remains firm then are you looking for backing and filling here with an occasional blip up for the next ten days...or are we early to the top and about to begin the descent?

To: Zeev Hed who wrote (1575)	10/25/2001 7:19:21 PM
From: Cymeed	Respond to of 99280

<<< The market is the greatest fooler, I am sticking by the 1793 with a possible spike to 1815, any reason my turnips should change their mind? >>> Zeeve, looks like Fed is posed to cut rate further and there will be tonnes of liquidity. I was surprised to see Nasdaq cross 50 DMA today. Many on the street are caught with cash in hand and many expect/hope a double bottom type of pullback. But as you said it best, the market is the greatest fooler, when too many of us expect or hope for a pullback with a double bottom, the double bottom may just miss all of us. This bottom of 2001 may be different from 1998 or 1987 because many are practicing buy and hold mentality. I found this market is moving so fast that any shares I tried to trade would run away from me, so a better strategy would be just buy and hold for now. I am really not sure about a serious pullback in the near future. We may not get one. But I could be totally wrong too.