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

To: Zeev Hed who wrote (6754)	11/19/2001 5:22:00 PM
From: vampire	Read Replies (1) \| Respond to of 99280

Perhaps it's one of those "stealth" bulls you've mentioned previously

To: Zeev Hed who wrote (6754)	11/19/2001 5:40:01 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

RSI on the COMPX daily now at 73, a level not seen since Dec '99. stockcharts.com[h,a]daclyymy[df][pb50!b200][vc60][iUb14!La12,26,9!Lh14,3] All the times we got over that level we corrected usually within a week, and often sharply. The only exception was Nov.-Dec. 1999. That small correction came in January, and we know what happened in March. The 15-minute chart seems to indicate we won't gap up tomorrow. The 60-minute seems to have some upside potential yet. I agree with Haim in that the indices are being pushed to give the Dow time to get over 10,000 before Thanksgiving. What may happen is the Nasdaq says we're done, and the Dow and SPX go a bit more to hit their levels. It will be hard for the Nasdaq to ramp up much more without the big cap leaders and the SOXX. Lots of junk is running right now, however, and that may be pushing the Nasdaq.

To: Zeev Hed who wrote (6754)	11/19/2001 6:35:42 PM
From: LTK007	Respond to of 99280

Zeev said<What worries me is that a run here to the 2100 area will really set this market up for disappointment if it falls, and then the "to da moon" (3000 or so by the middle to Autumn next year) phase will become more difficult. Good bull moves need strong foundations and good retest of their bottoms, we have not had any of that here. Zeev > i concur most strongly with your concern.Let's say i concur with "exclamation points":).