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

To: Jeff who wrote (59753)	5/1/2002 12:57:11 PM
From: 4rthofjuly007	Read Replies (1) \| Respond to of 99280

Jeff, imo it is the fundamentals that dictate the nature or backdrop of the market on top of which t/a becomes most useful. Simply put, when fundamentals are improving or doing well, we are probably in a bull market and shorting rallies is probably not the way to go. Likewise, when fundamentals are deteriorating or stagnating, we are probably in a bear market and buying dips except on nice volume,sentiment, t/a confirmed bottoms is more risky. Currently, it seems that while fundamentals are not deteriorating, the improvement may not support the current valuations being placed on certain stocks and the market seems to set itself up for disappointments. As far as t/a goes, we seem to be in a limbo area here. I don't think that there is much downside left and I have covered my shorts. While I am looking for a nice IT low to be put in, I can't help but think that alot of shorts are looking for either rallies to short or the sept. lows to be tested in the coming weeks. Seems like it could be a setup for a rally that traps alot of shorts. We all know that you cannot underestimate the powers that be to make things happen just when it seems all is falling apart.<g>