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


To: Zeev Hed who wrote (55368)4/23/2002 10:57:07 PM
From: Jeff  Read Replies (1) | Respond to of 99280
 
in a sense.....the crowd got slaughtered by not even being in the market last fall.....if they were too scared to buy.....they missed a big run.....and now they are forced to pile in higher up fearing they will miss out as da boyz pump sunshine up their butt to keep them buying as da boyz who loaded in the fall unload on the herd...

anyway..... the nasdaq has never broken above a breakdown point since nasdaq 5k fell......

the herd....or the survivors around still.....have a short memory and are catching many falling knives and really have no clue that this isn't a new bull market yet....

it can't be a new bull till the pattern breaks and makes a new high above the last breakdown point.....

otherwise....its business as usual as the downtrend continues into the abyss......

and there will of course be more sucker rallys.....cause every rally since the fall started in 2000 has turned out to be just another lower high.....

so the catching of falling knives just continues.....and sooner or later bulls aren't gonna have any fingers left...