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

To: Zeev Hed who wrote (44162)	3/26/2002 5:19:26 PM
From: dwayanu	Respond to of 99280

Zeev, you largely missed a pandemic of Whiplash of the Heart today. The stocks were flying like a Bat Out of Hell at 10 am but by 3 pm were crying Total Eclipse of the Chart. Calm attitudes were in short supply, Justa being a notable exception that comes to mind. <g> I would judge that most SI traders are sufficiently confused today to mark an intermediate bottom here. <ng> Went 100% long last 10 minutes yesterday plus this morning by 9:35, in Q and Q-ish stocks & QQQ May calls . Celebrated by eating a Sara Lee cheesecake for lunch. Time to weed the garden for a couple of weeks. - Dway

To: Zeev Hed who wrote (44162)	3/26/2002 6:10:34 PM
From: SirRealist	Respond to of 99280

I'm bullish on w/d Friday/Monday, Zeev, but thereafter, I will be taking things day-to-day based on the support/resistance points mentioned. Drawing a line from the Sept low through Feb low gives me the 1772 level I mentioned; it corresponds to an existing support point, as well. But the fact is, I'm not calling the market two weeks out up or down. I'm just saying I prefer caution and will trade daily, for the most part, leaving the swing trades to the brave.

To: Zeev Hed who wrote (44162)	3/26/2002 6:14:22 PM
From: LTK007	Respond to of 99280

well you have Robert Walberg taking some of your arguments ------from briefing.com <<Updated: 27-Mar-02 General Commentary Like Thomas, tech traders are riddled with doubt... That's why another signal that the economic recovery is alive and well - Tuesday's huge jump in consumer confidence - failed to sustain buying interest... Traders simply too worried over upcoming earnings reports to make big bet on the market. Valuations also a bit scary - especially if investors don't hear good news from the sector when it comes time to report Q1 numbers and provide Q2 guidance... That's why the sector/market has stalled out in recent sessions... Investors simply want more evidence of increased earnings visibility to justify buying on the come. Consequently, wouldn't surprise us if market chopped around near current levels into early April... Given early guidance numbers for Q2 (see Briefing.com's guidance page), and ongoing signs of a stronger than expected economic recovery, Briefing.com maintains that consolidation phase will be resolved to the upside. One definitive sign that sector has broken out of its sideways pattern will come when more of the sector indices sustain moves above their 50-day moving averages. Robert Walberg>> end quote