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

To: Justa Werkenstiff who wrote (44450)	3/27/2002 11:57:41 AM
From: jjstingray	Read Replies (1) \| Respond to of 99280

Bottom line, do not overstay your welcome on this rally.

To: Justa Werkenstiff who wrote (44450)	3/27/2002 12:23:36 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Justa, thanks for the link. That's one reason why I think that if we rally here, it will be short lived and have a re-trace that might even take out this week's lows before moving back up. We need a better bottom before we can move higher, IMO.

To: Justa Werkenstiff who wrote (44450)	3/27/2002 12:40:26 PM
From: LTK007	Respond to of 99280

looking backwards, with this QQQ "what me worry?" levels, any April rally simply can't have legs. I would at best expect a sprint of 100 to 150 points and then cardiac arrest. I have been contemplating how the average investor may have changed in the past 2 years. This my psychological read. Investors in the main no longer have that "no fear" attitude(prime reason,they are poorer than 2000 and that makes investing more treacherous) but the SPECULATORS do still have that "no fear" attitude. I have been seeing these rush ups and failures repeatedly of late, this the speculators, and they are not getting ma and pa to follow,thus the fadeaways. i consider QQQ put/call ratio to be a measure of speculators only. The average investor does not even know what options are,in the main. I am suspecting,only suspecting, that we have a market running on the cavalry(the speculators:) but the ground troops are not following them. If this is an actual pattern developing, my bear scenario(in the LOOONG run spy glass) will prevail. This is not an intermediate/near term view.