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

To: Jeff who wrote (61680)	5/4/2002 1:34:02 AM
From: lh56	Respond to of 99280

so noted. have been buying short puts, 03jan45's, on MSFT since last month. also, the 02dec92's, on DJX. adding to those positions on every rally. plenty of folks on this thread can see the issues just fine, regardless of charts. in this case, it's more a function of overdue payback to an arrogant, sloppy, semi-autistic, anti-competitive dickhead named bill gates. of course, jmho, fwiw, bwtfdik, etc,,, larry

To: Jeff who wrote (61680)	5/4/2002 7:50:25 AM
From: john722	Respond to of 99280

Jeff You have some very good show and tell points. One thing I think we should keep in mind as well is, will the Nasdaq give up 34% or 40% from the Jan. 2098 High? 34% would bring us to the Sept low of 1387. Could be a nice Flat developing? Those percentages on based on the Average declines of the Naz since the 2000 Top. Just a thought to keep in the back of your mind. Have a nice weekend.

To: Jeff who wrote (61680)	5/4/2002 9:16:00 AM
From: XenaLives	Read Replies (1) \| Respond to of 99280

Your have to guard against preconceptions when you look at the charts, and you have to look at many different time frames and indicators, often one contradicts the other. As for your "piercing" theory... Have you ever heard of the concept of statistical significance? No statistical goal is precise, there is always an error factor. Just as the MM's are aware the investing books tell people to set a stop loss, they are also aware of things like the "piercing theory". If you look at trading the last part of the day, ranges widened but the DMI was converging in a positive fashion. I think it's very LIKELY that someone as painting the tape for you. What was the after hours action like? I can't check right now, but I think this is a very important question. As for your "expert". That makes me VERY suspicious. Sounds like the big boys are trying to panic the little guys on monday so they can stock up for a rally. Hope you aren't short - shorting at the bottom is REALLY dicey.

To: Jeff who wrote (61680)	5/4/2002 10:07:56 AM
From: DebtBomb	Read Replies (2) \| Respond to of 99280

'Locust Cycle' May Bug Street for Years NEED BATHROOM WALLPAPER? It may be too early to tell for sure whether stocks are entering a secular bear market or a dormant cycle. "But today's valuations appear to be anticipating a rapid resurgence of corporate earnings, which now looks less and less likely," says DeVoe. "The market may come back, but a lot of stocks won't." The lesson? "Stock certificates can make colorful wallpaper for downstairs bathrooms and constant reminders to be more careful in the future," he says. biz.yahoo.com