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

To: byhiselo who wrote (27333)	2/5/2002 6:52:26 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

I think that short term, the 1793, will once more "come into play", and I agree with you, tomorrow or the day after seems ripe for a short term rally, I do not expect such rally to carry much beyond 1880 however, and it should be considered a short term counter trend of the February decline (I still ave the 1757 as max damage so far). Zeev

To: byhiselo who wrote (27333)	2/6/2002 5:33:28 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 99280

By: Re: "expect a short-term bottom over the next 1-2 days, followed by a rally into next week." Problem is in finding a bottom for what I would consider a one or two day bounce in a significant downtrend IMO. With respect to the gap at 1740 and it's fib. significance at 50%, you have a support level there but note that 1840-1850 produced a two day bounce and that level was breached yesterday. There was no sustainable multi-day rally. Note also the Dow had yet to break its Fed. bottom which I expect in a matter of days. The break should be a hard one IMO.