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

To: marginnayan who wrote (2075)	10/29/2001 3:41:27 PM
From: Softechie	Respond to of 99280

Briefing.com gave 2 reasons. Message 16575219

To: marginnayan who wrote (2075)	10/29/2001 4:21:49 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

No reason that I know, bu that breaks the last few weeks pattern o strength in the afternoon, meaning that we may have put the top, while donning my bear suit, I still expected (and would not be surprised) another run for the high 1700 just under 1800, with today's action, that is not too likely. Just a week ago, we had a number of people asking how come it will take almost two weeks (then to Nov 7th) to out in the final top, well, first it may not, second, it still could, but now we have to make back a solid 100 Naz points, and that will take some doing in the next week. Zeev

To: marginnayan who wrote (2075)	10/29/2001 5:33:56 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

more from briefing.com on sell-off<<There were no major negative announcements during the early portion of the session to drive prices lower but investors appeared rather nervous amid overseas equity declines and in front of this week's numerous economic reports. Consumer Confidence is due tomorrow, GDP on Wednesday with the employment data on Friday. There was also speculation that the market had been bid up last week as funds attempted to boost their year end performance (last trades to count are 3 business days before the end of the month) with profit taking seen today. During the afternoon there were indications that Argentina would default on at least $38 bln of its foreign debt and may potentially seek a voluntary restructuring of all of their $132 bln in debt; >> end quote