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

To: Math Junkie who wrote (14107)	12/18/2001 8:59:08 AM
From: DlphcOracl	Respond to of 99280

Richard Palm:<<Are you concerned that the S&P 500 has failed to get above its 200-dma>>? Yes and no. Although many on this board do not believe that history can repeat itself and believe in the mantra that the sector which led the bear market cannot lead out of the economic recovery, I disagree. As such, I am taking my cues from the Nasdaq more than the S&P. Having said that, I WILL be concerned if the Dow and S&P cannot get above the 200-dma for a second time. The failure of the other indices to confirm the Nasdaq move above the 200-dma may well act as a drag on the market and will heighten my fears that the first part of this early bull market may be quite tired, with little left to warrant staying in the market over the ST.