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


To: Justa Werkenstiff who wrote (50311)4/11/2002 4:34:49 PM
From: ajtj99  Read Replies (1) | Respond to of 99280
 
Justa, in late January when the 10-day TRIN hit 1.50 we took over 3-weeks to get the rally, and then it was from much lower levels. It eventually took out the level from the signal, but that signal is not as reliable right now in terms of absolute gains after the signal as in the past.

Max Pain, however, helps in this instance, but it was only a temporary fix in Feb.



To: Justa Werkenstiff who wrote (50311)4/11/2002 5:26:03 PM
From: Jdaasoc  Read Replies (1) | Respond to of 99280
 
I think larry's FED model needs some updating in terms of 2002 & 2003 est. earnings. NDX could easily become overbought again on this fact alone.

Also, if Powell fails over this weekend, the lure of US Bonds as safe haven will not lowering rates on 10 yr bonds. I am sure there will be some more GOLD bugs out there by Monday.

The downside risk is real and there is not much we can do about it to change outcome. I refer to Zeev's pronoucenment that Oct massacare may come early. 4-5 weeks like this and we got real trouble.
INTC is only off 0.05 c in AH but it's been brutal on most large cap companies.

PS any news to reflect 18 Pt gain in NDX futures AH ALl I can see at AP web site is that Powell is saying President Bush ``wants to see more progress.''

Imagine what happens if something of substance happens or or how bad it will be if talks break down