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

To: Jerry Olson who wrote (41924)	3/19/2002 4:35:22 PM
From: westpacific	Read Replies (2) \| Respond to of 99280

Jerry - the market is going nowere near term. Reason that no one is seeing is the Stoch on the Daily and Weekly for the DOW, SPX and COMPAQ. In addition the TRANS and UTY have not confirmed this DOW move, TRANS are in a big pullback and neither index ever broke the down channel. In addition we now have a VIX and VXN at all time lows, with the VIX putting in a wave 5 bottom on the daily. Also the report from Trim Tabs on liquidity is interesting showing market tops when the amount of liquidity like right here is added to the market. What else stands out is the dollar, and this will be key, I see a down channel in play and it looks like they are trying hard support it. The data today on the Current Account Deficit shows massive trouble IMO. If dollar breaks - game over so watch it close. This market is capped, be damn careful in the long trade, game almost over short term IMO.