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


To: farkarooski who wrote (36034)3/2/2002 9:24:57 AM
From: Zeev Hed  Read Replies (5) | Respond to of 99280
 
No bones showing yet (protected by the ignore function), but LG, he had battalions and full threads of ankle bitters. As for whether we have seen the bottom or not, in addition to your citation, this one:

stockcharts.com[s766372]&disp=P

shows a similar problems, we did not get even to 37.5% BP on the COMP. That would have been an acceptable turn within a bull market retrenchment, but a 400 naz decline in six weeks or so, really "requires" we go to 30%. That is why even if close above 1805 on the naz, I am only going to go to about 40% (neutral?) cash rather than the 20% cash which is typically my bullish stance.

Zeev



To: farkarooski who wrote (36034)3/2/2002 12:28:13 PM
From: fozz  Read Replies (2) | Respond to of 99280
 
Zeta,

Yes, but notice that the daily (black line) has turned up towards the 10 day ma. Not crossed yet, but going in the right direction...

Regards