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

To: ajtj99 who wrote (59086)	4/30/2002 12:26:06 PM
From: Jdaasoc	Respond to of 99280

NAz tick -157; add decline line only +542 It not like it's a tidal wave of short covering.

To: ajtj99 who wrote (59086)	4/30/2002 12:36:51 PM
From: Jdaasoc	Respond to of 99280

The old S&P resistance was 1180. IMO new resistance is somewhere between 1085-1110. I am hard pressed to believe that we are going to spend much time at these lofty levels.

To: ajtj99 who wrote (59086)	4/30/2002 12:55:41 PM
From: Jeff	Read Replies (1) \| Respond to of 99280

paul...you are right...we had a good "pierce" today....that means we will go higher soon and should hit that top in the 1700's we are seeing.... the only question now is when and how we get there... a bad pierce of support....leads to sucker rally's...before a lower low is made....like the dow and nasdaq just did on their pierce last week..... a good pierce of resistance can have the opposite effect as in a sucker selloff before a higher high.... its getting interesting now...:-)