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

To: Rich1 who wrote (3317)	11/5/2001 10:58:47 PM
From: t2	Read Replies (3) \| Respond to of 99280

Rich1, I think the number of bulls has increased significantly lately but it may be for good reasons. IMHO, the postings may not be a good contrarian indicator--and many are short term traders anyways who don't hold large overnight positions. There is lots happening, including asset allocation changes. A lot of investors/traders are starting the believe the positive commentary coming from many techs, especially the semiconductors. The news on the 30 year bond last week is a key factor that is probably going to push this market higher In any case, I am also looking for a move on the Nasdaq to approach 2000 near term; have been very lucky to catch the lows. The one possibility that I am keeping an eye on is the anthrax investigation. With all those agents working on it, one would think they will crack this case soon. What would happen in the markets if the criminals are arrested? I think the market has a BIG one or two day gain on that news. That is one reason I am still a little reluctant to take profits---I want to sell after they solve the case (and I hopeful they will). That is also a reason for the shorts to be worried jmho.

To: Rich1 who wrote (3317)	11/6/2001 12:59:22 AM
From: The Freep	Read Replies (1) \| Respond to of 99280

<<But if the ARMS index was a failure then..why embrace it now.>> Personally, I haven't paid attention to the ARMS index. But did you actually read my post? Some folks (Don Hays) don't view it as a failure. Others maintain that in bear and bull markets the figures work differently. We're about to find out. Also, do you know if the Ord Oracle (where that ARMS post stemmed from) was one of those who didn't embrace the signal? From a swing trading point of view, I would point out that the market IS higher now than it was when the ARMS bell rang. Anyway, some folks have different interpretations based on bear/bull trends, and they still believe in the messages of the ARMS vis a vis their view of how the signal works. Our job is to decide if we agree with that interpretation or not. You view it as trying to have it both ways. Personally, I'd have to check Ord's history before I made that claim. the freep