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


To: 4rthofjuly007 who wrote (42149)3/20/2002 10:10:45 AM
From: JRI  Respond to of 99280
 
*OT* Zeev's got turnips.....I wait until my 1 old stops playing w/her toys and look for the pattern..g

Actually, it was more gut feel than anything else (I do look at a lot of stuff, including support levels of course, but don't key off any one indicator)...

This morn, when we gapped down and had a near-term oversold, we should have gotten a better "blast" out of the bounce than what we saw, given we had a mini-support level, and the COMP sat there and "legitimized it" near the open for minutes (note: this is my theory, just from watching ticks over years..don't have "proof" per se). After the initial weak up, if the thing hesistates too long (which it did), I figure odds are much better its going to die and regroup at lower levels..which it did.

Too bad I didn't play it ng

Thing is really in no man's land now....