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


To: The Freep who wrote (45499)4/1/2002 4:33:36 PM
From: t2  Respond to of 99280
 
And the Middle East is giving the market a wall of worry to climb

That was a very important indicator to me. Always like to see how the market reacts to bad news. Today's move on the Nasdaq says the bulls are in good shape near term.

We saw the same happened with those anthrax news alerts during the day last fall....at some point, the market stopped reacting negatively to the headlines.

In any case, some probably anticipated Israel's reaction and part of it might have been factored in even in Thursday's trading.

jmho.



To: The Freep who wrote (45499)4/1/2002 4:48:14 PM
From: 4rthofjuly007  Respond to of 99280
 
Excellent commentary, Freepster!

I have been short the NDX for over 3 months. The position is up about 10% and I am closely watching the soxx here.

Check this out>>

I'd call it "When will we meet again"<g>

finance.yahoo.com^IXIC&d=c&k=c1&c=^SOXX&a=v&p=s&t=5y&l=on&z=l&q=l