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

To: Les H who wrote (46612)	4/3/2002 7:37:28 PM
From: ajtj99	Respond to of 99280

Les, thanks for those charts. They're great. Much like your scans, but plotted out. The NYA looks like it will continue lower after a bounce. I think the SPX may bounce to 1133, but the low we're looking for may be at the 1110-1112 level. If the NDX and COMP fell the same percentage, they'd be at 1743 and 1356 respectively, which are pivot points and fib re-traces. We did have a nearly -1000 tic on the NYA today, but that is not enough to declare bottom. Dow may find it's level at the pivot low at 10,055 on Feb. 28, or slightly above around 10,090, which would be a 50% re-trace from the pivot low at 9503.