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


To: Zeev Hed who wrote (20594)1/10/2002 12:52:18 PM
From: TRINDY  Read Replies (1) | Respond to of 99280
 
Zeev, just looked at last year's data for the major averages. (It seems that your forecast for this year pretty much matches behavior patterns last year.) I noticed that Jan 10 was the beginning of a 12 percent rally in the Naz. Many other averages went up substantially then, as well, but the Dow had a particularly difficult time getting moving. It was one of the last to fall, however, in the February period.

I find current action particularly troubling relative to last year's benchmark. The seasonal surge is muted, to say the least. It seems to me that if we don't get moving soon, I fear that a 2100 Naz high could be in jeopardy. I am getting minor sell signals on Dow, NYSE, S&P100 & 500, but not yet the Naz.

Your continuing willingness to share your ample insights is widely appreciated.

Cheers!

Trindy