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

To: Zeev Hed who wrote (12825)	12/12/2001 10:07:11 PM
From: sylvester80	Read Replies (1) \| Respond to of 99280

Or maybe everything just gets reversed (since it already is) and we get a bad January.

To: Zeev Hed who wrote (12825)	12/12/2001 10:10:47 PM
From: Nancy	Read Replies (1) \| Respond to of 99280

what is scenario II ?

To: Zeev Hed who wrote (12825)	12/12/2001 10:11:42 PM
From: mishedlo	Respond to of 99280

Under Scenario II, when does the decline start? It seems you are assuming a strong Jan in either case. Equally as strong if we do not drop here? M

To: Zeev Hed who wrote (12825)	12/12/2001 10:14:11 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

What is your re-entry target on MRK? Did you notice the reversal on CPN today. Drop from 16 to 10 and all the way back on 10 times normal volume. Is that a firm bottom and would you think it is a buy? M

To: Zeev Hed who wrote (12825)	12/12/2001 10:47:55 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Zeev, I really think the funds and MM's have won this round. They've saved their year, insuring a nice inflow in January. The daily could be oversold by Friday, and we possibly could have further consolidation early next week before a move up in the end of December / early January. Notice how we have been dropping intra day, only to close in the trend on the Nasdaq. Tomorrow we have the PRU IPO, so that should hold things up for at least half the day. I closed shorts and puts this AM on weakness for even (I couldn't watch all day). I will be going long and getting January calls soon. I will wait and see if the COMPX gap at 1963-1980 gets filled before doing anything. NDX gap from 1631-1645 filled today. I'm not real comfortable with this situation, but we need another blow-off top to get bullish sentiment in the nosebleed territory. Furthermore, buying pressure should slow a bit once we get half-way into January. That will make a corrective move (read move to take out the Sept. 21 lows) easier. For now there are just too many hurdles - funds, 200-day SMA, trendlines, and indicators not quite there; to get us a selloff needed to break a wedge or correct to a 50% fib, IMO.