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

To: TREND1 who wrote (40948)	3/14/2002 10:30:09 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 99280

Larry, as is the "norm" in intermediate moves, I fear that the sell signal of today will become a "whipsaw" (well if followed the last one was not that bad in the Q), namely, it should reverse relatively rapidly. I have lowered my cash position to the 54% level. we are approaching the 1830 area which was supposed to be the "most likely" turn (but as I suggested, no big turn signs in sentiment indicators), and right now, we should get ready for a spring rally. Like last year, it could still take another two weeks to the end of March (the last two weeks were particularly "painful"), so I suggest "sliding in slowly with relatively "safe" stocks like MRK and IGT (both have stop loss on a breach of $60, again). Zeev

To: TREND1 who wrote (40948)	3/15/2002 7:10:31 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 99280

Larry: Re: "Did you notice that The Q gained almost twice as much as QQQ from Mar 1, 2002 to Mar 14, 2002 ???" Did you notice the market bottomed on February 22nd and not March 1st <g>? Apparently not as you continue to use March 1st as your measuring point <g>. You might as well randomly pick any day. Hey, maybe we can say the Q dropped twice as much from the peak than the QQQs <g>. Well, maybe because the Q has much more beta then the QQQs. Perhaps, then, an appropriate measure would be to leverage the QQQs to match the beta of the Q and then compare the performance from the bottom which was February 22nd and then see which has the best risk adjusted return as the Q are a few undiversified stocks. Let's face it, the Q are primarily daytrading fodder here now.