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


To: vampire who wrote (24746)1/25/2002 5:38:00 PM
From: 4rthofjuly007  Read Replies (1) | Respond to of 99280
 
>>there was no retest before December either so that doesn't wash <<

That is exactly my point. Most TA folks are quick to point out that they want to see a low retested successfully in order to confidently proclaim a bottom.

Things do resemble the April low/May high as Zeev points out. V bottom with a violent reflex rally followed by complacency (vix declining on lower highs) and extreme sentiment (investor polls have bearish sentiment at an all time low).