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

To: jjstingray who wrote (57933)	4/28/2002 12:46:53 PM
From: DebtBomb	Respond to of 99280

Barron's: Big-cap biotechs overvalued cbs.marketwatch.com

To: jjstingray who wrote (57933)	4/28/2002 1:00:47 PM
From: DebtBomb	Respond to of 99280

jj, it sure does look like the market is going down. It's really pretty simple for me, BPSPX, BPINDU, BPCOMPQ, look like we could have a long way down. And until they crack, I think we'll have this massive over-hang and grinding down, from the gapped down stuck longs at higher levels. Now, can we bounce??, heck yeah, we always bounce. We bounced hard on ISM 3/1. And, we still need to get through CSCO. Will they warn?? Will they reaffirm guidance?? I doubt that economic data will bounce us. But, CSCO could do it, IMHO.

To: jjstingray who wrote (57933)	4/28/2002 5:42:38 PM
From: augieboo	Respond to of 99280

JJ & Justa, I agree, the BPCOMPQ has to crash from here, because, historically speaking, it's still at an insane level. Take a look at these monthly and weekly charts -- especially the stochastics. stockcharts.com[e,a]whclyyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9!Le5,10,1!Ll14!Lb14][J4124766,Y]&pref=G stockcharts.com[e,a]mhclyyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9!Le5,10,1!Ll14!Lb14][J4124766,Y]&pref=G Then take a look at the BPNDX monthly and weekly: stockcharts.com[e,a]mhcayyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9]&pref=G stockcharts.com[e,a]whcayyay[df][pb13!d21,2!b34!b55!b89!b144][vc60][iLh5,5!Li10,10!Lp14,3,3!La8,17,9]&pref=G This suggests one of two things, IMHO. Either the BPCOMQ & BPNDX no longer exist in the same universe and, therefore, everything is fine and dandy. Or, the BPCOMPQ, (and, therefore, the COMP itself), has a long way to fall from here.