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

To: Zeev Hed who wrote (37751)	3/5/2002 7:01:04 PM
From: Ted Downs	Read Replies (1) \| Respond to of 99280

Zeev, Wasn't that Don Hays prediction a surprise. Seems like he is putting his head on the block. Ted

To: Zeev Hed who wrote (37751)	3/5/2002 7:15:37 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Zeev, if you think we turn up hard tomorrow afternoon, you must be thinking we're going to take out 1886 on our way to 1900 and beyond. I would have to agree that the box is being stretched a bit right now, and NDX 1522-1528 may be the upper limit of the box right now, corresponding to COMP 1890-1900. However, I would not rule out 1944 / NDX 1561. I would have to believe a re-trace is in order with this rise, but it is possible we don't have the upper limit of this run yet in order to do a re-trace. The other possibility is that we are in a rising wedge again that will not look back until it is well on its way to a major resistance point, like 1944 COMP / NDX 1561. I think it is looking more and more like the latter may be the case, as we have breached the February highs today, bringing 1944 into play. Anyway, I'm quite surprised by the staying power of this move so far considering the indicators are saying it needs to pause and turn back a bit.