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


To: Zeev Hed who wrote (4898)11/12/2001 2:45:23 PM
From: Sully-  Respond to of 99280
 
* 14:43 ET Eli Lilly (LLY) 78.43 -0.04 (-0.05%): Researchers report that ReoPro appears to improve patient survival for people with diabetes undergoing angioplasty procedures during acute myocardial infarction (heart attack).



To: Zeev Hed who wrote (4898)11/12/2001 2:45:40 PM
From: Joseph Beltran  Respond to of 99280
 
The strength of this market -especially the techs- is nothing short of amazing. Feels like a fundamental redeployment of money into equities to me.



To: Zeev Hed who wrote (4898)11/12/2001 2:46:59 PM
From: wally_the_walleye  Respond to of 99280
 
HYSQ will run again at the end of the day. My guess a close above 8.10



To: Zeev Hed who wrote (4898)11/12/2001 2:53:31 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
i am expecting a steep selloff after 3:15pm--if not,i will be scratching my head and saying waasss up?:) max



To: Zeev Hed who wrote (4898)11/12/2001 2:58:55 PM
From: Pierre  Read Replies (1) | Respond to of 99280
 
... so I expect 1793 to be "taken out" later this week and finish around the 1750/58 area for the week.

So if I understand correctly, the substantial move below 1793 this morning has "taken out" 1793 as a support level, and one should now look for the next lower level of support - that being the 1750/58 area. Is that a correct read?

Second, is it because of options expiration this week that you are making a, for lack of a better term, "micro call" for this week in the overall context of your model's projected retreat to 1400 or so?

TIA.

Pierre