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

To: ajtj99 who wrote (48834)4/9/2002 1:09:48 AM
From: bobby beara  Read Replies (1) | Respond to of 99280
 
aj, we had what many would call a key reversal day, 1120 was a huge pivot on spx and we tailed into it today with some huge put buying this morning, there was a tail in late march off the top that some described as a hammer, i described it as a hanging man, i would describe today's action as a definite hammer after a one month downtrend off the 3/11 top.

todays action on naz produced a lot of bullish engulfings, and piercing patterns on a lot of stocks i follow.

if you have been trading the bearish trend since mid feb, it's time to place stops imo and not be a bear klown.



To: ajtj99 who wrote (48834)4/9/2002 4:23:57 AM
From: Psycho-Social  Read Replies (1) | Respond to of 99280
 
Earnings Warnings:
We've been getting some very late warnings, probably because the Easter holiday put some people behind schedule. Now, however, the pace of warnings should quickly drop off to almost nothing and we should begin receiving actual earnings and a more balance news flow re the future. I'm 100% invested as of late last week, and ready for lift-off.


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