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

To: LTK007 who wrote (58910)	4/30/2002 12:48:42 AM
From: Softechie	Respond to of 99280

I see your view there...1560-1580 could be the place for bounce...

To: LTK007 who wrote (58910)	4/30/2002 1:04:18 AM
From: t2	Read Replies (1) \| Respond to of 99280

Think markets wants as low as 1580 before it has enough room to cram in 2-3 weeks of rally. We will see.But that p/c ratio today was far from a buy signal The economic numbers out tomorrow could do it. Chicago PMI last month was better than expected (if i recall correctly). This time I looking to a disappointment on that one simply because the expectations are pretty hight this month. Same goes for consumer confidence; should be less than expected. We have seen some data on consumer borrowing and that story about credit card defaults today. That could be the spark...it the numbers are bad as I suspect, we could then be at our turning point soon. Might even add shorts on any major upward move before 10am and cover after the data knocks the market down. Will wait and see. btw--I think most of the economic data out this week is going to be disappointing but the market may get ready to start ignoring bad news if we get a further drop on the Naz.