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

To: Zeev Hed who wrote (68989)	5/18/2002 1:05:50 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

Zeev i wonder if CBS evening news will have the courage to say they themselves were flim-flammed by ADSX. As i say, the primetime CBS news segment had all the aspects of a canned-info commercial So now the stock is halted, could well be it will never trade again,imo. <<Friday May 17, 5:01 pm Eastern Time FDA Confirms Investigation In Applied Digital's VeriChip By: Carol S. Remond, Of Dow Jones Newswires biz.yahoo.com NEW YORK -(Dow Jones)- The Food and Drug Administration late Friday confirmed that it's looking into Applied Digital Solutions Inc. (ADSX)'s implantental device called VeriChip. "This is an investigation," to determine if VeriChip is a medical device and whether it should be regulated by the FDA, said Larry Spears, director of the FDA Office of Compliance. "We received information from (Applied Digital) that this product was going to be used for identification purpose, but it's expanded beyond that to include medical use and purposes," Spears said. The Nasdaq Market halted trading in Applied Digital stock earlier Friday after a report that the FDA had stared a formal investigation into the company. Applied Digital remains halted late Friday. >>

To: Zeev Hed who wrote (68989)	5/18/2002 10:30:04 AM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Zeev, do you mean Tick? I really don't want to be around for a TRIN over 1000, as I'd probably need to go to the store and buy guns, ammo, and materials to build an underground shelter.

To: Zeev Hed who wrote (68989)	5/18/2002 10:46:47 AM
From: DebtBomb	Read Replies (1) \| Respond to of 99280

Wall Street has a knack for creating inspirational rallies when the mood of investors is at a low ebb. This may be another one of those "dead cat" bounces for the volatile Nasdaq. Even the Dow, the dean of stock market indexes, hasn't been immune to false rallies. Seven times since early 2000, the Dow has zoomed 300 points, but five of those triple-decker gains did not hold for more than two weeks, Merrill Lynch says. The Dow this week revisited the 10,000 level for the 17th time since it first broke that magic number in March 1999. But the last 16 attempts have failed to hold. "What's happening," says Dines, "is that shallow thinkers assume all is well and the bull market must be about to resume, in view of the so-called 'economic recovery'." biz.yahoo.com

To: Zeev Hed who wrote (68989)	5/18/2002 7:48:13 PM
From: velociraptor_	Read Replies (1) \| Respond to of 99280

Zeev...it's not just the large gaps below, but there is a whole consortium of evidence that says no bull yet... The advance/decline line is falling again. The McOscilator has turned back down. The spread between new highs and new lows is shrinking and the number of new highs is falling as the indexes rise. TRIN-5 is at level where it was in mid-March where the market topped on mar 19th. The VIX closed at low levels and printed an intraday value of 20 which is bearish for the markets. A number of key stocks in the DOW are not doing very well and still near the lows or just off them from the March high. Namely GE, MSFT, and IBM. Other stocks like MMM, GM, and PG are at critical topping patterns. The up/down volume peaked on March 19th at the last high and has been falling ever since even on the current rally off the lows. Stochastics are back to overbought on the daily. Bearish rising wedge pattern in the indexes. Lack of any clean 5 wave impulses off the lows. A bunch of bearish gartley patterns just completed, with the most notable being in MSFT, IBM, QQQ, and MDY (mid caps).