Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Justa Werkenstiff who wrote (39344)	3/9/2002 7:47:03 AM
From: limtex	Respond to of 99280

JW - Clearly this has been a non tech lead rally overall up until this point. Quick lets call the WSJ and the NYT and tell them. THis is huge news. Best, L

To: Justa Werkenstiff who wrote (39344)	3/9/2002 9:01:54 AM
From: Murray Grummitt	Respond to of 99280

I believe BPSPX RSI was higher in Nov. 99, reaching around 90. Not much higher than now though! Murray

To: Justa Werkenstiff who wrote (39344)	3/9/2002 3:27:56 PM
From: exp	Respond to of 99280

Justa, I looked at BPOEX and BPSPX again. Both are at 3 year highs which is quite incredible. Still, they may go quite a bit higher yet after some consolidation/retrace analogous to that in mid Nov 01 to early Jan 02 period (look at RSI behavior during that period.) I am NOT saying they WILL go higher, just that they MAY go higher by April-May. The higher they go, of course, the more they will drop in summer-fall but, for now, the trend is UP until it reverses. So, I agree that we are in a topping out process but that process can still take indices higher in the next few weeks. Unfortunately, I have no way of assigning probablibilities to these alternative scenarios (further rise vs drop).