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

To: Zeev Hed who wrote (14370)	12/18/2001 6:36:30 PM
From: sylvester80	Read Replies (1) \| Respond to of 99280

I say we take the 1934 out tomorrow. I have a 90% probability it happens tomorrow. <gg>

To: Zeev Hed who wrote (14370)	12/18/2001 6:59:07 PM
From: ajtj99	Respond to of 99280

Zeev, it is looking more and more to me like our Dec-April may be like our April-July of last year at the least, and possibly like April-September at the worst. The BPCOMPQ may be getting ready to roll-over (index crossing down over its 14-day EMA). It lags by about a week. The last 2-times it did this was at the January and May tops. It may not happen until January, though, if we jump up again next week. We could also get a W-shaped drop with a bottom formed at around 1646-1726 in March. The line from the January 2001 double top (which nipped the top at 2065) could serve as resistance for that. There is a nice trendline from the June and August pivot lows that could serve as a bottom on a possible re-test of the Sept. lows in March or April. Anyway, I noticed the higher highs today on the Nasdaq also. It does not look as though the index is going to close below 1934 until we get into mid or late January due to seasonal strength. Look at Justa's chart showing the up days at the end of the year. They are normally always up. We won't have the dumping in the end of the year we had last year too. If we do get up to 2160-2181 in January, a spring re-test of the lows could be in order, and the to-the-moon phase may be limited to to-the May 2001 highs. Anyway, I know it's still early. I just wanted to post some thoughts.

To: Zeev Hed who wrote (14370)	12/18/2001 10:42:47 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 99280

If 1934 is not taken out by Friday, do you expect that your low on or about December 28th goes by the wayside? A January bounce still looks promising, except perhaps not as strong. Regards, Dave