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

To: Justa Werkenstiff who wrote (51740)4/16/2002 3:01:53 PM
From: t2  Read Replies (1) | Respond to of 99280
 
I was just surprised how long the Naz stayed in the 48 to 52 range from mid morning to afternoon.
Quite surprising.

That is a sign that market should be popping higher into the close..real institutional buying. Index mutual funds also start buying around 3:30.

jmho



To: Justa Werkenstiff who wrote (51740)4/16/2002 3:17:27 PM
From: ajtj99  Respond to of 99280
 
I see NDX 1456 as a possible topping area. Above that NDX 1488-1495, and NDX 1519. I think NDX 1456 is a pretty sweet spot that may give us pretty high put/call values if we get there early next week.

If we do get to NDX 1450 or so, I believe it will only be because of a huge gap-up like we had this morning over the NDX 1420-1442 range.


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