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

To: Murray Grummitt who wrote (71515)	5/25/2002 4:38:55 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

That is what I thought as well. Since we are discussing Memorial day, now is a good opportunity to thank all Veterans for their sacrifices. From me, personally, a special thank you to the Airborne 101st, those guys added sixty years to my "preordained" life span, which I probably would not have had. Zeev

To: Murray Grummitt who wrote (71515)	5/25/2002 4:48:37 PM
From: t2	Read Replies (3) \| Respond to of 99280

There is just too much bearishness on the near term. I just looked at the AAII investor sentiment for last week. 26% bulls; 36% bears; 33% neutral. It was something like this just around those big rallies around Cisco's earnings. Also read the story of Fidelity Magellan buying up MSFT, INTC, CISCO stock in the past few months. Most large mutual funds appeared to have become underweighted technology. Therefore, this buying can last for a while. I am also looking for a Tuesday rally..especially as we got a nice selloff into the close Friday. Lots of fear last week...terrorist threats, war concerns. Lately, big drops are good set ups for a significant move higher and the odds look pretty for a bounce. The US$ index might finally have hit a bottom (short term), bouncing off the September 2001 lows...and that could also. Another factor is that most companies cut off insider selling about a month before the quarter end...and that probably means end of May. Add the usual month end mutual fund buying...the odds for at least a Tuesday rally look pretty good.