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

To: Zeev Hed who wrote (17445)	1/1/2002 12:56:16 PM
From: ItsAllCyclical	Respond to of 99280

Pull up a 30 min chart on EMLX. Seems like a breakdown to 37 is likely. A mini H&S formation on the 30 minute. I think like a few other bears here that Jan will be met with profit taking. Most of the run from Sept 11th was fund managers chasing performance. The market was going up and they were forced to participate. I think we get profit taking and a re-evaluation of multiples again (now that most of the good news is already priced in). I'm looking for EMLX in the mid 30's by week's end.

To: Zeev Hed who wrote (17445)	1/1/2002 1:33:32 PM
From: fletchb	Read Replies (1) \| Respond to of 99280

Zeev, Doing some dili I turned up INFY. I've known of the company before but never gave them much thought. In my favorite techs I do have several that are foreign. I like ARMHY, CHKP and MERQ. My first question is your thoughts on INFY. Could they be a new leader? They are headquartered in India and could have some war news weakness. If they do, I might use it for an entry. My other question is why are these foreign companies very profitable. Is it due to lower labor costs, as with INFY, and is there some other advantage in your opinion? Thanks, Fletch

To: Zeev Hed who wrote (17445)	1/1/2002 2:16:50 PM
From: TREND1	Respond to of 99280

Zeev Six 3LB Charts geocities.com Emlx Key = 36.59 close Larry Dudash

To: Zeev Hed who wrote (17445)	1/1/2002 6:45:45 PM
From: Nancy	Respond to of 99280

zeev, have you looked into new high list to see what made up the new highs ? very few of them are techs. we also saw triple digit new highs last 2 weeks of jan 2001.

To: Zeev Hed who wrote (17445)	1/1/2002 9:03:53 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Good grief, Zeev. I made a mental note to check the new highs/lows this AM, as well as advancing/declining volume. I forgot until you mentioned it. That is a pretty big divergence from the close yesterday. YHOO's inflated figures show 149 new highs Monday. That makes sense, as many small caps advanced while the big caps dumped. I believe the average investor will look at their portfolios as view them in the rose colored glasses they don from time to time, and plunge forward into the new year with optimism backed by the recent 50% surge in the Nasdaq. We may be range bound for a little while here still until a short covering rally or a drop on volume through support at the Dec. 20 low. A drop and double bottom at the 1918 support could be short term bullish, and should be anticipated, even if the bounce is just a small technical one. I expect Wednesday to be up, but only because of the dump Monday. Otherwise I'm cautious and watching all possibilities as things unfold.