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

To: Zeev Hed who wrote (31351)	2/20/2002 1:54:31 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 99280

Zeev: Nasdaq LOD is 1729. Does that "satisfy" your scenario for a Nasdaq pivot point or do you still think we go lower over the next 1-2 weeks based on market action? i.e. Have you revised your pivot point or low for the Nasdaq prior to a MEANINGFUL, sustained rally rather than just a 1-2 day bounce?

To: Zeev Hed who wrote (31351)	2/20/2002 1:55:54 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 99280

Unless semi's manage to close positive I don't think we'll bounce from here just yet. I'd like to see NDX 1350 or less. Looking at the charts of AMAT, KLAC and the SOX all are near some trendlines at these levels. A weak close for those should bring further technical selling. XLNX below it's neckline at 36 (currently 35.3 interday as low as 34.5) H&S meassures down to 26-32 depending upon how you read it. If they SOX can break 531-532 I'll probably cover - not sure yet.