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

To: Justa Werkenstiff who wrote (51569)	4/16/2002 10:53:29 AM
From: Mark Johnson	Respond to of 99280

Wats da mater wit u...zeev called da bottom aready......

To: Justa Werkenstiff who wrote (51569)	4/16/2002 11:30:34 AM
From: orkrious	Read Replies (2) \| Respond to of 99280

The bond is getting schmeissed. Probably because the dollar is getting smacked. Can't be good for this market. From RealMoneyPro Exploding Market 04/16/02 10:31 AM EDT The foreign exchange market explodes with activity as the U.S. dollar sells off across the board. The move began off of the Bank of Canada rate hike that sent the U.S. dollar down -- so much for my anticipation for a buy-the-rumor, sell-the-fact activity. Then the dollar broke down against the yen, taking out the recent lows near JPY131.30 where Japanese pension fund demand was expected. Instead, the dollar fell to JPY130.85 before finding a good bid. The euro, having been confined to a little more than a 15-tick range earlier has rallied to $0.8830 and looks poised to test recent highs now that come in in the $0.8850-70 area.

To: Justa Werkenstiff who wrote (51569)	4/16/2002 2:44:25 PM
From: Psycho-Social	Read Replies (1) \| Respond to of 99280

JJ: My discipline suggests to me this is a short term bounce. For what it's worth, I've been getting oversold readings from my key sentiment indicators: Jake Bernstein's Nasdaq Trader Sentiment 14% bullish/3dy ave, 17% 5dy ave. (Short-Term oversold.) 3 Indicator Ave of Consensus Inc, AAII, Market Vane 30.7% bullish (Mildly oversold, Intermediate Term) We can and will go significantly higher on the Nasdaq and S&P, but no guarantees re the precise timing.