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

To: The Freep who wrote (70974)	5/23/2002 8:20:35 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Freep, if 1560 is a "bottom", it will have to be tested no sooner than around 1-month after we hit it before moving up. That's why I believe everyone will be waiting for that, much like everyone was waiting for the gap at COMP 1650-1653 to fill. By the way, I think that test may be successful for half a day or so, but I think we'll punch through it before bouncing at a "successful" re-test of the NDX Sept. lows around 1100 NDX. I do not believe either of these will be the bottom, but many traders may. I'm looking for around 1000 NDX.

To: The Freep who wrote (70974)	5/24/2002 12:09:20 AM
From: 4rthofjuly007	Read Replies (1) \| Respond to of 99280

Freep, for whatever observation of SI can possibly be worth, I have absolutely never seen people so confident that we are going down. So matter of fact that the Sept. lows will be breached. So sure that no sustained rally can occur. Not even past 1770 where we were just a small ways from last week. Now, there is every reason to be bearish here from a t/a and certainly from a fundamental standpoint. And I noticed that the aaii poll shows about <edit>26% bulls. That is just plain sad. Granted the iaa poll shows bullishness holding as it has for a while near 50%. With the buck tanking, gold flying, the brokers on trial, lay-offs, terrorism, and insurmountable resistance forming and most importantly >>A LOW VIX<<, I am just wondering if the outcome least expected is due to come around the corner and remind us how unpredictable the market can be. Nah, not a chance<g>