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

To: Psycho-Social who wrote (46679)	4/4/2002 12:33:33 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

Psy and all, security trader sees a relief rally as imminent. <<<Wednesday April 3, 2002; 7:00PM ET Got a bit of a bounce this AM in the form of a GAP open (usually not a good sign when some indices are not at supports) and there was nobody there to hold it up for the market makers. Basically, we have full participation of the market / sectors moving toward supports....some of which (XBD, BKX, IIX, MDY, RUT) are still migrating toward supports.......might mean we have to see those hit supports before the relief rally begins, which should be pretty soon. As mentioned in April 1 comments, less than expected earnings guidance from companies is taking its toll on the market already. 3rd test of UP trendlines in many indices suggests an eventual violation of those trendlines. >>>>