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


To: Zeev Hed who wrote (43067)3/22/2002 5:44:20 PM
From: mishedlo  Read Replies (2) | Respond to of 99280
 
Zeev once again I am puzzled by something.
The Naz TRINQ was bullish all day today, like yesterday but we sold off huge.

Even more remarkable was the fact that the TRINQ was bullish even though MSFT and INTC was falling for most of the day.

Shhhhesh?
Is this accumulation at lower prices.
If so, how the hell do they accomplish this?

Note too that for the second day in a row, the S&P TRIN was bearish all day.

How do you read the divergence between the TRINQ today and the Naz behavior. I don't get it.

PS: Went long JNPR MSFT and INTC Calls today. Sold the firts for a nice profit but holding the other two undewater.

Not huge plays and I am trying to have my bull hat on but it is tough. Plenty of cash and will add more on dips. Will re-enter JNPR on Monday.

M