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

To: Justa Werkenstiff who wrote (58840)4/29/2002 8:25:08 PM
From: Rock_nj  Read Replies (1) | Respond to of 99280
 
Looking at the yearly chart, it looks like we're at the levels that the market would have settled at if 9/11 hadn't occurred. It looks like the NAZ was heading for the low 1600s before 9/11 happened and probably would have consolidated there. The drop below 1400 after 9/11 is just noise created by the post terrorist attack panic. So, I see us consolidating here in the 1600s before the market tries to rally again. I don't agree with the pessimists who see the market going significantly lower.



To: Justa Werkenstiff who wrote (58840)4/29/2002 8:43:30 PM
From: augieboo  Read Replies (1) | Respond to of 99280
 
Justa, I know what you mean about the high TRIN. But, the TICK just isn't there to support it, don't you think?

Mish has a rule about how closely the TRIN & TICK need to correlate. I know I've got it written down someplace, and I'll try to find it.

Also, what do you think of the spikes in the VIX and VXN today?


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