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


To: Zeev Hed who wrote (33944)2/27/2002 8:10:02 AM
From: Paul A  Read Replies (2) | Respond to of 99280
 
Good lord Zeev- dont look at IMCL this morning unless you held it long into this morning : )

Talk about a pop..



To: Zeev Hed who wrote (33944)2/27/2002 8:18:09 PM
From: Psycho-Social  Respond to of 99280
 
Zeev re: sign of a false rally . . .
Jake Bernstein's indices of trader sentiment are already entering overbought territory:
S&P bullish %s: 75%/3dy mov ave, 53%/5dy mov ave.
Nasdaq bullish %s: 73%/3dy, 50%/5dy.



To: Zeev Hed who wrote (33944)3/4/2002 8:41:11 PM
From: Mark Johnson  Read Replies (1) | Respond to of 99280
 
False rally three trading days ago......

To:Larry Dudash who wrote (33863)
From: Zeev Hed
Wednesday, Feb 27, 2002 8:03 AM
View Replies (2) | Respond to of 37223

Larry, we are essentially 100 Naz points higher than at the low Friday, but the new highs list is still contracting,
not expanding. The new lows have contracted from last week, but not by much. That is actually a sign of a false
rally, by now new highs on the Naz should have been back above 100 if that rally was the "real McCoy". You
can make a stronger argument about the NYSE in that respect, however.

Zeev