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

To: Zeev Hed who wrote (49116)	4/9/2002 3:34:05 PM
From: westpacific	Read Replies (1) \| Respond to of 99280

Zeev, the news of Iran joining Iraq is getting no press today, it is a factor. But I agree, bounces need to be watched for and they will come, I want to see DOW 9978ish first, then we talk!

To: Zeev Hed who wrote (49116)	4/9/2002 3:42:54 PM
From: LTK007	Read Replies (2) \| Respond to of 99280

<Can you explain why the highs are expanding and the lows contracting as we go down?. yes, it is a mirage caused by the run-up in all those bitty NASDAQ financials--i was looking at the new highs,just a ton of little financials i never heard of--max

To: Zeev Hed who wrote (49116)	4/9/2002 3:52:12 PM
From: Mike M	Respond to of 99280

Can you explain why the highs are expanding and the lows contracting as we go down? I get the feeling its a bit like the Turkish Army. Not a lot of generals leading the charge. Zeev, I don't know what kind of attention you gave the market back in the '73-'74 Bear, but I remember small caps having a pretty good run of it while the large caps looked interminably for a bottom. Kinda similar.

To: Zeev Hed who wrote (49116)	4/9/2002 4:30:48 PM
From: NOW	Read Replies (2) \| Respond to of 99280

The money coming out of the large cap flowing into the small caps causing moonshots?

To: Zeev Hed who wrote (49116)	4/9/2002 4:50:46 PM
From: LTK007	Read Replies (2) \| Respond to of 99280

Boeing, Siemens to Bid for $4 Billion U.S. Contract (Update1) By Jonathan Berr ( any signifigance in this release,Zeev??--max) Chicago, April 9 (Bloomberg) -- Boeing Co. and Siemens AG's U.S. unit plan to make a joint bid on a contract worth as much as $4 billion to provide 426 U.S. airports with machines that can detect explosives in luggage. Congress gave the U.S. Transportation Department until the end of 2002 to install enough explosives-detection machines in U.S. airports to screen the 1 billion bags passengers check annually. The department plans to install about 2,000 explosives- detection machines, and 5,000 smaller devices called trace detectors. The winning bidder would oversee production and installation of the machines, along with maintenance and training, and gain a foothold in the market for national security. The deadline for bids is today. The government had installed 166 of the explosives- detection machines as of February. Raytheon Co. and Northrop Grumman Corp. are bidding, as is TRW Inc., which will lead a team that includes Tyco International Ltd.'s ADT unit and Electronic Data Systems Corp. General Dynamics Corp. has said it may bid, too. InVision Technologies Inc. and L-3 Communications Holdings Inc. are the only manufacturers certified by the Federal Aviation Administration to make the explosive-detection machines, which cost about $1 million apiece and are about the size of a large vehicle. Trace detectors are about the size of a personal computer and can detect explosive traces as small as a billionth of a gram on clothing and suitcases. They cost about $40,000 each. Smiths Group Plc's Barringer unit, Thermo Electron Corp.'s Thermedics unit and closely held Ion Track Instruments are the only three companies FAA-certified to make the trace detectors. Shares of Chicago-based Boeing, the largest planemaker, fell 22 cents to $48.78 in midafternoon trading. They have risen 26 percent this year. Siemens, Germany's biggest electronics and engineering company, rose 24 cents to 69.75 euros. Access More Information and Services Above

To: Zeev Hed who wrote (49116)	4/9/2002 4:56:04 PM
From: kanuti	Read Replies (1) \| Respond to of 99280

Zeev, I am not an option player so I don't understand this as well as I should, but I was under the impression that this type of action was more likely to happen a few days before expiration rather than a week before. Could you please explain further. Thank you. Think like a criminal, now they are murdering all the calls, by tomorrow, that mission could very well be accomplished at the rate we are declining, and then they will demolish the puts into Friday.

To: Zeev Hed who wrote (49116)	4/9/2002 5:45:35 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Mish, we should not get lopsided bearish here, I think that a solid bump from the 1690-1700 or so area, barely 50 Naz points away could easily occur. Actually I closed most of my puts today because I more or less expect a bounce back up to max pain for expiry. My thinking is that the lower we get the quicker the bounce. Bottom on Wed then rally for a week is a possibility. Unfortunately the other possibility is that they just let the whole thing collapse right now. Since it is almost one day up next day down, we may not know what is happening until the second up day in a row, and if the second day is a huge gap up, the entire rally can easily be missed. I would like to see QQQ 32 first, as that could be a decent bounce point and a very profitable one for a rally back to QQQ 35ish, even if one misses the first point. If they just let it drop, look out below. How does one tell if the bounce is on? Volume? M

To: Zeev Hed who wrote (49116)	4/9/2002 6:48:35 PM
From: augieboo	Read Replies (1) \| Respond to of 99280

Zeev, actually, new lows are increasing, though at a slightly slower rate than they did during the last leg down from Jan 9 to Feb 22. During the Jan-Feb drop, the Naz made a total of 1273 new lows while dropping a little over 402 points. So far on this drop, (between March 11 and April 9), the Naz has made a total of 615 new lows while dropping a little over 203 points. As far as new lows are concerned, we seem to be at about right where we were on Feb 4. Here are charts of the new lows from the two periods for comparison purposes: March 11 - April 9 stockcharts.com[l,a]dhllynay[d20020311,20020409][pf]&pref=G Jan 9 - Feb 22 stockcharts.com[l,a]dhclynay[d20020109,20020222][pf]&pref=G The new highs situation is different. During the Jan-Feb drop, the Naz recorded 2206 new highs. (I find it interesting that even during that drop, advancers beat decliners by 22:12. Is this unusual?) During the present drop, the Naz has already recorded 2600 new highs, compared to 615 new lows. And the rate of new highs does seem to be picking up, but not by much, at least on a weekly chart. New highs from Jan 9 - Feb 22 stockcharts.com[l,a]whclynay[d20020109,20020222][pf]&pref=G New highs from March 11 - April 9 stockcharts.com[l,a]whclynay[d20020311,20020409][pf]&pref=G I have no idea what this means, but it smells vaguely rotten. augieboo