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

To: Zeev Hed who wrote (1920)	10/28/2001 2:03:29 AM
From: Anthony Clement	Respond to of 99280

Zeev I couldn't agree more with that comment. Working in Tokyo at the moment coming from the U.S and previously Europe - Japan is culturally in trouble, with its outdated and entrenched bureaucracy.The educational system has trained people to be obedient, unquestioning and uncreative - and it drives me nuts on a daily basis!! It is going to take a long long time for things to change here - generations!! The U.S is so different. English Karen

To: Zeev Hed who wrote (1920)	10/28/2001 8:28:04 AM
From: DlphcOracl	Respond to of 99280

A Cogent Argument for Further Advances Sy Harding, a veteran market timer (one of the better ones at that), believes that a retest is not in the cards. He has been quite accurate in his moves this year and completely dodged the September carnage. He recommended going 50% long on October 3, holding 50% back for a retest or retracement. He now feels this is unlikely and is indicating in his newsletter that he will commit more money to the market on Monday or Tuesday. His reasoning is as follows: (1) S&P and NASDAQ have broken through their 50-day moving averages on impressive volume, a bullish sign. (2) His belief that the first week in November will be a "monthly strong period" with money coming into the market from: individuals who dollar-cost-average; 401K contributions; window dressing by mutual fund managers. (3) November through January is traditionally the most positive three-month period of the year. (4) Rally is being driven by the "Smart Money", namely Wall Street institutions and corporate insiders (5) VIX Volatility Index is still on the pessimistic side at 30.5, well above the levels around 18-24 which mark investor optimism. With greater degree of institutional participation and momentum from breaking through the 50-day mva, he believes that we continue upward toward the 200-mva without the retest he was looking for on October 3. Any thoughts or comments on the above? Harding does have a sterling record of going in and out of the market at all the correct times this year.