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

To: Justa Werkenstiff who wrote (14415)	12/18/2001 9:44:33 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Yeah, Justa, we had an evening star on the run to 2065 too, and that was good for 131, down to 1934. We were quite overbought at that time too. Not so this time. With seasonal considerations, we may not get as much of a drop. 1933 is the 200-day SMA right now on the COMP. 1953 is the 20-day EMA. Those are pretty powerful numbers we need to respect the next couple of days. I believe there is a good chance we'll see 1934 this week. I think if we go below 1934, it will be on an intra day basis. We'll see. I was busy, so I couldn't short the close. If we open tomorrow near where we are right now, I'll short the QQQ for a half point or so.