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

To: ajtj99 who wrote (50599)	4/12/2002 9:29:26 AM
From: martin001	Respond to of 99280

I agree - my momemtum indicators are showing accelerated selling into these last lows on all indices. Way more than the previous lows of Feb. Usually this suggests that the pullback off the next rally will be sharp. It also implies a short lived rally. M

To: ajtj99 who wrote (50599)	4/12/2002 12:05:26 PM
From: mishedlo	Read Replies (3) \| Respond to of 99280

Aj, note the semis today. Very weak but bounce in about everything else. KLAC AMAT INTC. We are not bottoming until those bottom and to me it looks as if "da boys" have a ton more AMAT KLAC NVLS to unload. But, I do not think AMAT KLAC is close to bottom yet. Thus slow grind down seems right untl distribution is complete. What is the point of an intermediate rally? None that I can think of. Still sticking with Down now as the path of least resistance, then up in late May/June when everyone else thinks down. M