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

To: LTK007 who wrote (8280)	11/27/2001 1:27:42 AM
From: Alex MG	Respond to of 99280

I don't understand all of the media crowing about a new bull market because of a 20% or more rally, I thought the real key of a new bull market was a solid break of the 200 dma and to hold that level... not to mention the fact we have had about 5 bear market rallies of 20% or more since the bubble top and they all failed. But I do agree the lows are in, if not permanently, at least for a good while. "V-bottom Schmee-bottom"

To: LTK007 who wrote (8280)	11/27/2001 1:29:10 AM
From: Softechie	Respond to of 99280

NDX 1440 = COMPX 1760 That should be a real test here.

To: LTK007 who wrote (8280)	11/27/2001 7:44:30 AM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Yeah, Max. The lure of round numbers and the 200-day SMA. I think we go down the next couple of days before the end of month/beginning of month buying kicks in. That may be the stimulus needed to get us to the "promised land". The 60-minute charts are looking pretty extended. One interesting possibility - another new high next Monday with a corresponding pull-back afterwards. Another thing to remember is that our higher highs have been incremental - 1888, 1922, 1934, 1941 since Nov. 8. That's 53-points in about 3-weeks, or about 18-points a week. The last 2-weeks it has been only 19-points, or less than 10-points a week. What I'm saying is that it may take us 2-shots to get this top in, and maybe another 2-weeks to accomplish it. If we get past the 200-day SMA on the COMPX, we could go to 2000 real easily. COMPX 1840 seems a bit of a longshot this week. 1888-1897 seems a better bet for a pull-back, BWDIK.