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

To: limtex who wrote (36634)	3/4/2002 7:47:53 AM
From: t2	Read Replies (2) \| Respond to of 99280

Looks like a Melt UP is setting up for the US markets as well. Changed my mind on the market (for the short term). Hope the market stays quiet early in trading; need to add some positions. The Japanese rally is more than just short covering. All they have done is make the shorting rules similiar to what we see in the US. Nikkei rally can be contageous and may push shorts to cover worldwide....no matter how bad the fundamentals; and no matter how important it is for TA that we go downward first. Near term, none of it is going to matter. Technical resistance is only going to add more ammunition to the rise. Less bullish on Nasdaq than I am on SnP...that is basically a time horizon issue. Don't believe Nasdaq can remain at these high levels over a longer term...but short term, no one will care. Something significant is going on out there; can't ignore that. Still might change my mind by the open of trading but getting short term bullish. jmho