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

To: DebtBomb who wrote (63431)	5/7/2002 10:09:12 PM
From: t2	Read Replies (3) \| Respond to of 99280

This market will tank. All I have read about on SI is upside targets for this rally! What rally? All we got is some afterhours trades. <g> So many upside targets--is it 1620, 1700 etc.... Max pain now also a reason for the move higher. All the discussion is how much higher we get on the Naz, no talk of downside anymore! That is one reason I am very skeptical. You have got to believe that many of those short term bullish targets means we have a lot of people already long or at the very least in cash. I just don't buy in to this "rally". The mutual funds will not be buying into it if they are not convinced of the IT spending rebound...and I bet they aren't. Translation...gap and crap. I recall an Intel mid quarter update a few months ago that was so bullish and stocks were rocking AH...guess what; the market tanked the next day.