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 (42033)	3/19/2002 10:17:20 PM
From: bobby beara	Read Replies (8) \| Respond to of 99280

But look what happens when it does cross from these levels. It marks a major top in the market and will roll you down to say at least 35-45 BPSPX. The topping process is happening NOW. <<< ya, with consumer sentiment, manufacturing, unemployment, etc turning up after a two year retrenchment, the fed changing bias from lowering rates to neautral, commodities breaking the bear channel from the october 00 top. ya i can see why the market is topping now and is going to go to hell in a handbasket. HMMMMMMMMMMMMM! what are there like 2 or 3 bulls left on SI after the last two years?

To: Justa Werkenstiff who wrote (42033)	3/19/2002 10:57:29 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Justa, I really did not expect the BP indices to ramp up so fast, especially with such a marginal rise in prices. If the Dow doesn't squeeze up, it will turn down over its 20-day EMA and finish the run up. The low on Feb. 22 is creating some problems here. We ramped into March expiration, and the hangover is keeping us from correcting. This looks more and more like November on the NDX and December on the COMP. The SPX may hit 1177 tomorrow. That will more than likely turn the index back. If there is any sense, the market will correct for a couple of days before resuming another thrust up.