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

To: Zeev Hed who wrote (16142)	12/26/2001 6:52:43 PM
From: yard_man	Read Replies (1) \| Respond to of 99280

1) There has been more preparation than you think 2) Of course there will be bickering. It won't harm the currency's value with respect to the USD Most of your arguments simply recycle what we've had in the press all along and from Greenspan himself on how superior our model is because we fire people when the economy turns down instead of support them with social programs. That's old bull. I'll gladly take the other side of that -- The future value of the euro will turn on economic activity, course of the worldwide economic recession and capital flows; not squabbles amongst the euro nations.

To: Zeev Hed who wrote (16142)	12/26/2001 6:55:10 PM
From: ajtj99	Respond to of 99280

NDX and Nasdaq repelled by falling resistance line from the Dec. 6 highs. NDX also turned back at the middle BB on the Daily chart and 200-day SMA. Inverted hammers on all charts (Dow, SPX, COMP, and NDX). This indicates a reversal if confirmed by a drop tomorrow. The last time we had this candle on the NDX it was good for a 3-day drop of about 50-points with the plane crash pivot low of 1463 (1682 COMP) as the low intra-day pivot. This might play out similarly, with a low on the NDX of 1557 possible and a possible low on the COMP of 1918. I believe we could drop now the next 2-days after today's candle. However, the low volume this week will make it less of a reversal than a short term trend change, IMO.