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

To: mishedlo who wrote (57129)	4/26/2002 1:18:40 PM
From: Math Junkie	Respond to of 99280

Like you said, the market looks ahead, but the important distinction to make is that what it sees when it looks ahead is not the future, but investors' speculation on what the future will hold.

To: mishedlo who wrote (57129)	4/26/2002 1:25:07 PM
From: Jeff	Read Replies (2) \| Respond to of 99280

mish....because what i see in the charts...and i posted this before....with a drop to 1400.....summer rally back to 1700 to 1800.....then a final bear market leg to 1100 or lower.... the only way that summer rally could occur....would be for the pump machine to be looking ahead to a 2003 recovery....and if wall street looks ahead say 6-months....that would be the reason for that rally... and the reason for the final leg down to 1100 would be....company's coming out in sept. saying they still don't see a recovery insight.....pushing it back further.... so the summer rally back 1700 to 1800 marking the top keeps the long downtrend intact with another lower high.....but this time leading to a lower low than the sept bottom.... so far...the pattern i've been tracking since last year is still in full force and has not yet broke off course.... until it does....i'm just following it like a roadmap...:-)