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

To: 4rthofjuly007 who wrote (36348)	3/2/2002 10:44:10 PM
From: ajtj99	Respond to of 99280

4rth, I'll be buying puts at Dow 10,500 also if we get there. I've tried reading the COT reports, but frankly, I think charts tell me more of what I need to know.

To: 4rthofjuly007 who wrote (36348)	3/3/2002 3:27:16 AM
From: LTK007	Respond to of 99280

Security traders comments posted Friday night at 9pm. Bear Market characteristics.......sensitive to good news.....slowing volume.........and some of the largest market bounces are known to happen in the midst of them. On Friday the ISM came out with good news and that led to a short covering rally. The INDU, OEX, SPX are technically on buy signals while the TECHS are not. The buy signals are coming while the stochastics are showing bearish divergence (higher prices not supported with higher stochastics) and the VIX / VXN are not setup to support a major advance by the market, therefore, we continue to be subject to further market weakness. As for next week, most indices closed at / near resistance levels and will likely pullback early in the week. INDU / OEX / SPX - Have given buy signals, however, they are showing bearish divergence on their charts on this move up and the VIX is not setup to support a big advance. TECHS - big bounce, however, the big picture has not changed....still in downtrends and the VXN does not support a big advance. OSX / XOI / Crude - Defensive sectors showing bullish triangle breakouts. XAU - Gold daily chart suggests a move to 75 area with strong support at 60. Retail (RLX) - toppy. Banks - important sector for Economic recovery.....this sector remains under the 50MA and the weekly chart suggests further downside. end quote