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

To: Justa Werkenstiff who wrote (59066)	4/30/2002 11:49:13 AM
From: jjstingray	Read Replies (2) \| Respond to of 99280

JW, I think this bounce lasts maybe until tomorrow. Looks pretty convincing, but there are still too many technical indicators that are very negative. The fact that we broke major support yesterday is just one of the negatives. I think this could be end of month propping. The question will be whether to buy May or June puts.

To: Justa Werkenstiff who wrote (59066)	4/30/2002 12:05:59 PM
From: LTK007	Respond to of 99280

I only represent the "the lazy boys" that want to buy a point that they can walk away from and see a 100% or higher move over the next several or so months. At 60, and spring being nigh, i don't want to follow the bouncing ball:) Also my patience is infinite.Max if this market remains a trendless trading range tred mill, it is for you "on the job", fulltime traders. Max Comment: the numbers were NOT that good but the CC by beating the expected 107, was all that was needed for spin. from briefing.com<<<Highlights April consumer confidence fell to 108.8 (-1.7%). March revised higher to 110.7 (+16.5%). Key Factors Moderate downward offset after tremendous 16.5% March surge. April softening consistent with preliminary read from U Mich sentiment index. Stronger April correction in present conditions after the strongest monthly surge in 25 years. Expectations slipped just 0.2% after a 17% March jump. Upward trend driven by strong economic reports, lack of added terrorist acts and generous Fed/Fiscal policy. Higher gasoline prices, rebound in unemployment rate and stagnant equity markets slowing the gains. Index is up 28% from the Nov low as expectations has surged 56% since Oct. Current conditions just 11% from its low. Big Picture The fall in consumer confidence accelerated with the terrorist attacks and the recession but have been on an impressive path higher since Dec. The effects from the recession, terrorism and global tensions have not provided the drag most expected. The confidence index bottomed in Nov as the outlook provided the early lift. The power of the rebound is a key read on consumer spending which has provided offsetting support against the plunge in business investment. Conference Board's index is more business heavy than the household-heavy Michigan sentiment index which turned higher in Oct with virtually no carryover from the Sep attacks and the tail end of the recession. Category Apr Mar Feb Jan Dec Conference Board 108.8 110.7 95.0 97.8 94.6 Expectations 110.0 110.2 94.0 97.6 92.4 Current Conditions 107.0 111.5 96.4 98.1 97.8 >>>