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

To: Steve Lee who wrote (57882)	4/28/2002 10:48:03 AM
From: farkarooski	Read Replies (2) \| Respond to of 99280

stockcharts.com[w,a]daclyiay[df][pc20!c10!f][vc60][iLp14,3,3!Ll14]&pref=G looking at the bullish percentage of Nasdaq the last 4 times it peaks above 50 Feb 01 - reading 54.55 Nasdaq 2892 subsequent low 1619 drop of 44% Jun 01 - reading 56.03 Nasdaq 2328 subsequent low 1387 drop of 40% jan 02 - reading 56.15 Nasdaq 2098 subsequent low 1696 drop of 19% Apr 02 - reading 55.31 Nasdaq 1946 subsequent low ??? if we drop 20% from the 1946 level, it will bring us to 1560-1570 level, would that marks an intermediate term bottom ??? I don't think I will buy anything until it reaches that level ...

To: Steve Lee who wrote (57882)	4/28/2002 4:00:28 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Steve it is even worse than that. Can we EVER compete against manufactoring in China? I doubt it regardless of how far the US$ falls. Are people going to be rushing to buy more MSFT products cause they are cheaper? I doubt that as well. In short I see little benefit except perhaps in Autos and heavy machinery and that is a perhaps on Auto since we compete with Japan and Japan wants a low valued YEN. So what we have is INFLATION on our imports yets little impact on exports. That is my guess at any rate. That is also why the US has insisted on a strong $ policy, regardlles of how many screams came for US exporters. But they have held the $ up as long as they could. Now what? A fastly plunging $ could have some derrivative issues somewhere (but not sure where). We really could have a financial meltdown if it gets ugly enough. M