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

To: ajtj99 who wrote (19427)	1/7/2002 7:08:17 PM
From: orkrious	Read Replies (1) \| Respond to of 99280

normally when we close at the LOD, we move up early the following day, so unless this trend was going to continue to a major drop, I'd expect us to open flat or higher and move up some early on. aj, you are correct this has been happening lately. People have been buying the dip. I have nothing quantitative to support this with, but it just feels like the market, and especially the sox, is weakening here. One of these days, probably soon, the dip won't get bought. It will get sold.

To: ajtj99 who wrote (19427)	1/7/2002 7:40:53 PM
From: t2	Read Replies (1) \| Respond to of 99280

normally when we close at the LOD, we move up early the following day, so unless this trend was going to continue to a major drop, I'd expect us to open flat or higher and move up some early on. Tomorrow should be interesting to say the least. ajtj, I thought closing at the LOD was bad for the next day; has been bad for many months since fall of 2000; recall many days when the losses would continue in the second day. Could the trend have have changed since then. The trading December 31 followed by Jan 2 was an example of this new trend. Tuesdays have often been positive days during the influx of fund money since November, so it is possible we may finish up tomorrow Do you have a stat on the percentage of up Tuesdays versus other days in the week? What could be the reason? Just curious. thanks.