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

To: ajtj99 who wrote (33767)	2/26/2002 7:02:55 PM
From: sylvester80	Read Replies (3) \| Respond to of 99280

if we were at a bottom, we'd see leadership from the big cap stocks Actually I disagree. I don't know what we would see. This isn't just some usual bottom. This is a bubble bottom that has only happened only once before. The only experience that comes close to understanding that bottom will be off the 1929 bubble. No other bottom can compare. Mind you, I don't know what the FA and TA were during the 1929 bubble bottom (if anyone does, please let us know). I just don't think the absolute bottom will be set using just some simple tried and true bottom ways of the past. That would just be too easy. JMHO.

To: ajtj99 who wrote (33767)	2/26/2002 8:46:46 PM
From: exp	Read Replies (1) \| Respond to of 99280

Ajtj, I think Larry D may be influenced by looking at Wilshire 5000 which is showing a move up from its recent triple bottom. That doesn't really help NDX/COMP of course but Larry D may be thinking that NDX/COMP will follow soon. MORE interestingly, have you noticed that DOW/SPX put in bottoms BEFORE COMP/NDX both in April and in Sept 2001. SPX had a lower low in March than in April 2001 and even in Sept 2001 SPX had a single bottom on 9/21 while NDX had a DOUBLE bottom 1 week apart. This may be USEFUL as it means that SPX/DOW may be a leading indicator for COMP/NDX. It also explains difficulties Zeev has with calling bottoms as there is this divergence so that DOW bottom does not coincide with NDX bottom. Your thoughts?

To: ajtj99 who wrote (33767)	2/26/2002 9:16:27 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 99280

ajtj99: Aside from anemic volume and poor internals, the persistent weakness of the financial sector makes a sustainable rally difficult to come by. With several major firms downgrading the sector within the past week, this weakness is not about to evaporate overnight.