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

To: ajtj99 who wrote (62589)	5/6/2002 11:38:14 PM
From: martin001	Read Replies (1) \| Respond to of 99280

A drop like that in the DOW would be event driven IN almost all cases of true panic selling their is a catalyst - a spark that lights the powder keg. Not to say that cant happen because definitely all the ingredients are there but we are missing the one bit of news. The other scenario would be a several day rally to relieve the oversold pressures - failure to penetrate the previous support ( now resistance) followed by immediate selling with increasing volume (more than the previous decline). That could signal a possible panic scenario. Volume is the key. It must have high volume. FWIW I have been going short at the close each day lately. Kind of crash insurance. Probably continue to do that the next 3 weeks. I have a feeling that one morning the futures are gonna be lock limit down and that'll be the day.