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

To: orkrious who wrote (9200)	11/29/2001 1:12:22 PM
From: Math Junkie	Read Replies (1) \| Respond to of 99280

Yesterday evening CNBC had a banner on screen saying there was a bunch of good tech news. Of course, if you listened to what was being said, the big news was that companies were reaffirming expectations, which is equivalent to saying that there is no new information, unless you count the lack of deterioration as news. Ultimately I think it boils down to the fact that nothing goes straight up or straight down, so maybe this is Zeev's "reverse three-steps dance."

To: orkrious who wrote (9200)	11/29/2001 2:23:46 PM
From: Pierre	Read Replies (1) \| Respond to of 99280

Well, from YAHOO: 2:00PM: A brief dip into negative territory for the Dow was enough to incite some buying interest that lifted the blue chip average out of red figures... Buying activity wasn't just limited to the Dow, however, as broader interest helped give the Nasdaq and S&P a lift as well... For the most part, the story remains largely the same-- investors are showing some reserve in the wake of a troubling initial claims report, yet the thought that the weak labor market will reverse itself next year, along with the economy, continues to pique their buying interest... Bolding is mine. Love the "things is bad, but they might get better - lets party" assessment. These are the bulls of old, Michael Jordan types. FWIW Dow new hi / new low even at 35 each. NAZ 57 / 35 With Zeev not here to hold my hand thought I'd go look for myself. :>) Pierre