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

To: Kayaker who wrote (10126)	12/3/2001 3:51:15 PM
From: t2	Read Replies (1) \| Respond to of 99280

The dip buying has continued in the face of retest predictions for a couple of weeks now. That is my basis for thinking that short interest has been picking up..and the increasing cash levels (from selling stocks and sidelines cash) as you suggested. Trading based upon buying the dips has been a pretty easy bet lately. The current period is not similiar to the April rally. Now we have a very low short term interest rate for money market funds. That changes everything, imho. In addition, the economic recovery data is more convincing to me...retail and particularly in electronics (pc, cell phones, video games). These items need lots of chips. I cannot see the data from Semiconductor sector getting worse in December. Therefore, I prefer to play on my "expectation" for positive suprises. ...and that means any hope of a major pullback is going to be disappear soon.