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


To: DlphcOracl who wrote (54055)4/21/2002 7:53:17 PM
From: jjstingray  Respond to of 99280
 
That was my point to Zeev. If we can take out resistance levels with force and volume, it may be worth a play. Otherwise, I just see the rally as another options related rampl. We have had one every month for the past 3 months. This week will be telling.



To: DlphcOracl who wrote (54055)4/21/2002 8:25:51 PM
From: DebtBomb  Respond to of 99280
 
Tokyo stocks open higher, calm over bomb threat

biz.yahoo.com



To: DlphcOracl who wrote (54055)4/22/2002 9:44:29 AM
From: DlphcOracl  Read Replies (1) | Respond to of 99280
 
Great Advice From Bank of America

Thos. McManus, Director of Securities Analysis at B of A has just released a report to their clients entitled:

"Sell in May and Go Away".

He believes that analysts estimates remain too high, that there is no further impetus from the consumer, and a drying up of the monetary stimulus we have seen over the past year will all result in lower levels for the indices going forward. He also mentions the strong seasonal trends (usual weakness from May through October).

It is rare to get useful advice from any of the ANAL-ysts, but this time I believe he is right on the mark. The hoped-for Spring rally is rapidly becoming history. Even 1900-1940 for the Naz and S&P 1175 look overly optimistic.