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

To: Rich1 who wrote (54193)	4/22/2002 10:49:06 AM
From: t2	Read Replies (1) \| Respond to of 99280

Rich, This is going to be a reversal day. Market got hit with bad news from afterhours (wcom) and Ericson this morning among others. We have noticed that funds were not buying tech as cash was coming into this market. They were probably waiting for the big decline from now to the summer. The problem is everyone seems to think the same way...including short sellers. BAC stategist recommending people sell and take the summer off...too many seem to have been thinking the same way. Short interest hit a record this month on NYSE..over 3% increase. Nasdaq data should be out this week. That is why I am looking for a rally and believe we will get it. jmho