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

To: Zeev Hed who wrote (26054)	1/31/2002 10:48:13 PM
From: t2	Read Replies (1) \| Respond to of 99280

The largest mutual funds had sizable cash position as of December 31/2001. American Funds got large inflows last year (see story below). I looked at their holdings. In the 3 large mutual funds--each 50billion or so. 2 of the 3 had cash levels of 18% at year end. Holdings seem to be quite conservative with not much in technology. If anyone is interested, just go to their website. Also checked the Fidelity Magellan--cash levels seem normal. Vanguard -- did not check since money probably went into the index funds. Data is only 1 month old. Just one indicator among many of course. May or may not extend to mutual fund industry in general but is a good indicator, IMHO. January was not a strong month in the market and I suspect cash levels in general went up--my hunch. Probably adds some support underneath the market. Here is that article that had determined the inflows last year and how American Funds took in tons of cash. Story from yesterday. cbs.marketwatch.com

To: Zeev Hed who wrote (26054)	1/31/2002 11:25:08 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Zeev, I can see a case for a run to the middle BB at around 1980. There is some resistance at 1960, and beyond that we have the 50% re-trace at 1975 and the next resistance at 1985. That's quite a few hurdles to go through, but it has the potential for a 50-point gain from here, sure. I think we have a red day tomorrow, and you may get a big white candle on Monday. An intra-day higher high on Tuesday with a modestly higher close would satisfy your window of opportunity for a fib-retrace during that appropriate time. I guess that's possibly what you're seeing off this reversal.

To: Zeev Hed who wrote (26054)	2/1/2002 6:48:41 AM
From: Justa Werkenstiff	Respond to of 99280

Zeev: Re: "...everyone is asking me to abandon the get to 2011/40 model." Everyone? They all asked you to "abandon" it? Boy, I must have missed all those posts or there must be a lot of PMs flying around. I think I saw a few people ask questions about it.

To: Zeev Hed who wrote (26054)	2/1/2002 9:48:16 AM
From: U.B. Green	Read Replies (1) \| Respond to of 99280

Zeev, "we have seen a local bottom". Please forgive my faulty memory/ignorance. A local bottom is for HOW LONG? (In other words, is the 1793/1757 no longer expected?) Thank you, Bernie

To: Zeev Hed who wrote (26054)	2/1/2002 1:57:05 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 99280

Zeev If you are to be right about next week putting in a high I suppose we should rally towards the close today. NASDAQ 1950?