Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jjstingray who wrote (46603)	4/3/2002 6:38:38 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

I think we are guessing about a turn date here, I would say 1757 will create a mild bounce, but the bounce should probably be sold. We will probably need two three days of a tick of -1000 and the equity P/C ratio approaching or exceeding 1 before we are ripe for the belated (if it comes, now quit doubtful) spring rally. The VIX and VXN have turned up, and until they start turning back down, we have to wait for a peak there, IMTO. Don't exclude a G&C in the morning, but one should not be fooled by such. Zeev

To: jjstingray who wrote (46603)	4/3/2002 6:39:28 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

jj, either way we are quite oversold in the near term and need to relieve some of the washout. The key is to watch overhead resistance and trade accordingly. I think we could still have more downside after a bounce, as some very serious technical support levels were breached today.