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

To: Justa Werkenstiff who wrote (48736)4/8/2002 8:49:27 PM
From: jjstingray  Read Replies (1) | Respond to of 99280
 
Justa, the question is: do we rally a couple of days here to distribute more stock and then tank? I think that will be the scenario. Any time the BPCompq crosses that 20 day, things get ugly.



To: Justa Werkenstiff who wrote (48736)4/8/2002 11:14:08 PM
From: ajtj99  Read Replies (2) | Respond to of 99280
 
Justa, there's our confirmation, the $BPCOMPQ cross-over. The MACD also is a good confirmation of the move. Notice when it rolls over from the top it moves with the $BPCOMP down.

Nice chance to re-position shorts for those who are short, IMO. Like you said, the new lows expanded today, which is not the stuff rallies are made of.


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