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


To: westpacific who wrote (45494)4/1/2002 4:14:57 PM
From: Trumptown  Read Replies (1) | Respond to of 99280
 
Fair enough, we are all entitled to an opinion...I got about a 50/50 day. Again, on the heels of the mideast trouble, I believe it's a net win for the bulls...

Later,
SR



To: westpacific who wrote (45494)4/1/2002 4:21:46 PM
From: The Freep  Read Replies (2) | Respond to of 99280
 
<<The fact the market reversed means nada in this day and age of Manipulation, manipulated money and manipulted markets >>

That might be true, but then the same argument can made by those who feel the gap down was manufactured and manipulated.

On the "rally in trouble" side of things, the put call spent all day around .5, and closed under it (.47, I think). That's a lot of optimism. The VIX closed up. . . but down about 4% from its high. The S+P futures sold off from 4 to 4:15, but the NQs didn't. The SOX didn't close at the high, and the banks were down.

On the flip side, the Naz is over the 50 dma. The reversals in the dow and S+P held. MSFT and GE closed near their HOD's. And the Middle East is giving the market a wall of worry to climb (that will shatter, of course, should either side there escalate the conflict to a new level).

Big storage conference tomorrow. Expect news from all the SAN suckers. Also a healthcare conference, I believe.

the freep, who wonders, just who is this "Hugh" who makes so many market moves???



To: westpacific who wrote (45494)4/1/2002 4:49:39 PM
From: sylvester80  Read Replies (1) | Respond to of 99280
 
What huge gap down in the dollar??? Are you dreaming? The dollar is still near its all time highs. 0.88 Euros to the dollar is exactly near there. Please, at least wait until there is really dollar news before you make up some. And BTW, even though I have been bearish on the dollar before, Mid-east problems will be good for the dollar and bad for other currencies. Cause the US currency is considered safety currency in time of trouble. We are the most isolated country, and after Sep 11, also now that much more secure.