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

To: farkarooski who wrote (57884)	4/28/2002 10:54:15 AM
From: DebtBomb	Read Replies (2) \| Respond to of 99280

What if we drop 40%?? Where does that take us??

To: farkarooski who wrote (57884)	4/28/2002 11:11:41 AM
From: Steve Lee	Read Replies (6) \| Respond to of 99280

$BPCOMPQ is very interesting at the moment. It usually follows $BPNDX with a slight lag. At the moment however $BPNDX is signalling a bottom while $BPCOMPQ is signalling a top. It might just be that due to the heavy selling, $BPCOMPQ hasn't had time to catch up. Or there could be a more complex reason for the possible divergence. For now, I am assuming that there isn't a more complex divergence, and that $BPCOMPQ will head down sharply early next week at which point a bottom will be in for a few weeks. What it means for Monday and Tuesday's action I do not know. I am 100% cash and looking for a bounce to short or a drop to go long on. Or both <g>