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

To: ajtj99 who wrote (46602)	4/3/2002 6:29:36 PM
From: jjstingray	Read Replies (3) \| Respond to of 99280

AJ, looks like tomorrow may be the turn date. I actually thought we would see some selling tomorrow and then a turn, but it may just be that we have a short term bottom with the close we had.

To: ajtj99 who wrote (46602)	4/3/2002 7:27:39 PM
From: mishedlo	Read Replies (4) \| Respond to of 99280

Aj, once again "the powers that be" just will not let this market fall to where it needs to get to start a decent rally. We were close today and another strong day or two down would have done it. I was on the sidelines today for the most part, but hoping for more down that would allow a decent bounce. Instead we have this nonsense rally into the close as if someone knew what DELL would report. Of course someone knew, but who gives a shit? Personally I think Dell's news sucked but obviously the street did not. Let's see what the futures look like tomorrow however. We are gonna close at QQQ 36 on this expiry. You know it, I know it, and the crooks know it. If we could fall to QQQ 33 1/2 we could easily rally to QQQ 38 and selloff down to QQQ 36. No they keep trying to prop this wretched wreck of a market up and "succeeded?" once again. Any bounce from here is short lived, but I will remain cautious. Two weeks from expiry, I will buy QQQ 34 or less, sell QQQ 38 or higher, otherwise make nominal daytrades with little cash. Once again the TRIN and TRINQ was horrid all day. A pissy last minute rally is supposed to get me to want to buy when the institutions were unloading all day. Phooey. Then again, at least I stayed away from the "Spring Rally" massacre. SEBL MSFT INTC BRCM and a host of other big losers. Actually, based on the close, a continued rally seems more likely than not, but with this TRIN, I aint playing for it. DCB rally before the decline, start of the Spring Rally, or just more wishy washy nonsense that can only lead us lower in the long run. I vote for the latter. M