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

To: Zeev Hed who wrote (17732)	1/2/2002 5:15:14 PM
From: wgh613	Respond to of 99280

LLL,INVN, INVN could rise on further limitation of competitors, by LLL buying PerkinElmer's bomb detection systems: 17:06 ET L-3 Comms (LLL) 88.23 -1.77: Company announces that it has agreed to acquire the Detection Systems business of PerkinElmer (PKI), for approximately $100 mln in cash; the acquisition is expected to close by the end of Q1 2002 and is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary conditions; Detection Systems is expected to be accretive to L-3's earnings in 2002.

To: Zeev Hed who wrote (17732)	1/2/2002 5:23:15 PM
From: wgh613	Respond to of 99280

INVN, Zeev,do you think that INVN could also move up as a potential takeover play,now that LLL is buying PerkinElmer unit for 100 million,and INVN Market Cap at close to 400 million? Manny T.

To: Zeev Hed who wrote (17732)	1/2/2002 6:10:08 PM
From: bobby beara	Read Replies (2) \| Respond to of 99280

as I said earlier, the two base lines at 1934/18 serve as very strong support.<<< Ya, zeev i think a lot of bears were counting on that breach, sly has been really boisterous lately and timber's are coming up on text searches -gg-, another bothersome thing for shorts is that only two days after a new dow high, the rydex tempest (bear 2x) fund has more money than rydex 2x bull fund. although it's too early to tell, it's starting to look like bear failure, if we go above 2000 we could get some panic buying, i went into some short funds on friday, but equally hedged them today with some longs.

To: Zeev Hed who wrote (17732)	1/2/2002 7:52:28 PM
From: gfs_1999	Read Replies (1) \| Respond to of 99280

Zeev, may be more 2 days up before a strong corrections? As you suggested (LG- Think like a criminal). BTW LG stopped his message board today :-( Regards GFS Jerry Favors Jan,2 update At the lows today the Dow was down 86 points, reaching a print low of 9935.70. The Dow then began to bounce back and closed up 51.90. Despite the up close today, the Gann 3-Day Chart turned down today. We should also tell you that the Gann Weekly Chart on the Dow also turned down today. Ordinarily, we would view this as a signal that a still stronger correction is coming, at least short term. However, the first few trading days of a new year are often very tricky, and we suspect this year will likely prove no exception. We believe over the next few days a potential exists for a rise above the December highs in the Dow of 10221intraday and 10184 on a print basis, turning the Gann Quarterly Chart up. The 3-Day Chart could not turn back up before Friday of this week no matter what the Dow does tomorrow. However, the Gann Weekly Chart would turn back up if the Dow rises above 10185 on a print basis and 10221 intraday. If that occurs, it would be a short-term bullish signal, suggesting that an even stronger rise is coming this week. The Weekly Chart on the Nasdaq will turn up on any rise above 2002.72 this week. That would signal a test of the resistance at 2065.69. If 2065.69 is exceeded, a still stronger rise would be likely at least short term. If the above resistance levels are exceeded, we still believe the Dow will find strong resistance and would likely reach some sort of at least short-term high within the upside projection we gave you back in November, calling for a rise to 10348, plus or minus 242 points intraday. The top of the Dow's 21-Day 3 1/2% Exponential Trading Band tomorrow should be in the 10330 area or so, depending on where we close. This is another reason to look for resistance to any rally within the above upside projection. The Cycles called for the last short-term high near December 26, plus or minus 1 day. The actual intraday high of 10221 intraday was seen on December 28, one day outside of the Cycle target. The Dow has since fallen 335 points intraday, to today's intraday low of 9886.71. The Cycles call for the next short-term low near January 9, plus or minus 1 day. If we do see a rally over the next few days, we think the odds are we will see a short-term high within the next 1 to 3 days, and then begin a stronger correction with the next low coming in near Wednesday, January 9, plus or minus 1 day. If the above scenario does unfold, the correction into that January 9 time frame could be a relatively strong one. However, we still believe a probable worst case scenario would allow for a decline back into the 9600 area.