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

To: dwayanu who wrote (4389)	11/9/2001 1:08:09 AM
From: dwayanu	Respond to of 99280

Oops, correction to my earlier post, was using wrong figures for Thurs Naz high: I said ...10%...That would be equivalent to about Naz 1680 now, which is just above 50 dma at 1670. (A minimum 7% pullback would be 1735, breaking your 1754 line intraday.) Corrected: 10%...That would be equivalent to about Naz 1700, above the 50dma at 1670. (A minimum 7% pullback would hit right on Zeev's 1754 figure.) Late night posting.... - Dway

To: dwayanu who wrote (4389)	11/9/2001 2:53:12 AM
From: Steve Lee	Read Replies (2) \| Respond to of 99280

I wouldn't read too much into QQQ/NDX divergences. The NDX has been making comparatively large moves in the minutes leading up to the close recently. The final figure is calculated at 4 pm. Then in the next few mins, the futures have been showing continued volatility. The QQQ closes slightly later than the NDX, causing an imbalance if you compare both closing prices. This imbalance gets equalised at the next open, which means the QQQ and NDX will show different % changes on their respective previous days' close.