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

To: Psycho-Social who wrote (36565)	3/3/2002 11:30:01 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

At least they have to fill 1650 to satisfy da bears like myself before a short-term rally.

To: Psycho-Social who wrote (36565)	3/3/2002 11:41:42 PM
From: LTK007	Respond to of 99280

<What's your current posture?> near term watching carefully.Letting the days action tell me if market will go into a short rocket shot up and then a strong fall back, or will this up attempt fizzle in the next couple days and we go back to a grinding downtrend. My tendency though favors pretty strongly this move fizzles quite soon and thus give a respectable buy point for another rally up. But, beyond June, i am still in camp that believe "double dip" will start trickling in not bullish data that will put us into a " it is going to get ugly" scenario. While no one is listening to Greenspan he is strongly signaling he is NOT happy with the consumer being in primary deficit. When Greenspan goes out his way to say that this never ends well(consumers not saving) he just may just start advancing those interest rates to make them save. Greenspan has got himself between a rock and hard place, and in my view, and can only blame himself. But he at least signaled he is aware of the danger of unrestrained consumer spending.That's enough rough sketch "blah,blah" from me.:) Max