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

To: Justa Werkenstiff who wrote (45109)	3/29/2002 5:36:06 PM
From: jjstingray	Read Replies (2) \| Respond to of 99280

Justa: Check out the chart. Looks like we had a bit of a whipsaw action. We got a bit of a move up in the average. Could be a headfake, or maybe we rally a bit in here and then head south. Are you playing anything. I think there are going to be some excellent short opportunities in the next couple of weeks. stockcharts.com[h,a]daclnnay[dd][pc20!f]&pref=G

To: Justa Werkenstiff who wrote (45109)	3/29/2002 8:23:51 PM
From: Math Junkie	Read Replies (1) \| Respond to of 99280

"You will have to provide me with dates. I see the bubble of 2000 that supports your notion." I counted months when it first reached 160 from a lower level, and looked at whether the COMP went higher in the following two months: $NAHL COMP Higher One to to 160 Two Months Later? Late June, 1999 No Mid-Nov., 1999 Yes Late Dec., 1999 Yes Mid-May, 2001 No Late June, 2001 No I agree that the times when the COMP continued up after $NAHL 160 were in the bubble period. Does that justify disregarding the data? My point is that the correlation is not good enough to draw conclusions one way or the other. This becomes even more true when you consider Zeev's point about the NASDAQ throwing out losers, which means that today's 160 corresponds to a lower point on the $NAHL curve when comparing to times before the losers got tossed.