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


To: Rich1 who wrote (42198)3/20/2002 12:26:06 PM
From: jjstingray  Read Replies (1) | Respond to of 99280
 
Doesn't the cycle guy have tomorrow as a low?



To: Rich1 who wrote (42198)3/20/2002 12:43:06 PM
From: t2  Read Replies (1) | Respond to of 99280
 
As long as we dont breach 1840 I think we are going higher here

What the significance of 1840?

It looks like the longer we stay in the down 26 to 32 range on the Nasdaq, the better the setup for an upward move...and it has been there a long long time today.
I guess one can also interpret this as an indication it will tank.<g>
I tend to believe the rally scenario.

P/C went up significantly today and volume on the options seemed to have picked up today as well. Some fear has returned...a least a little bit is better than no fear at all...and that makes me a bit more confident with my belief that we get a big rally on the Nasdaq going into April.

jmho