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

To: Zeev Hed who wrote (74164)	6/3/2002 6:29:01 PM
From: Crimson Ghost	Respond to of 99280

Zeev; Thanks for the update! I am wondering if there may be more downside in the Dow, Russell 2000 and S&P 500 now than the NAZ.

To: Zeev Hed who wrote (74164)	6/3/2002 6:38:06 PM
From: Joe Smith	Read Replies (1) \| Respond to of 99280

Zeev- One paradox of your Nassacre call is that one of your strongest tenets seemed to be that the 9/21 lows would hold. This may be true for COMPX, a mixed bag of tech, financials etc. A much truer picture of the world of technology stocks, the NDX, will be well below 9/21 if your 1419 for the COMPX comes to pass. Also, I am sure that the majority of tech stocks will set new lower lows. What does this mean to your long-range vision? We seem to still be setting lower lows.

To: Zeev Hed who wrote (74164)	6/3/2002 7:05:32 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Zeev, that last pivot high at COMP 1591 could end up being a pretty hard ceiling for the next week. It could also end up a triple top for your phase II if we hit it and turn back tomorrow. I edited that number to read 1591 instead of the incorrect 1691. Hard to get used to the 1500 range.

To: Zeev Hed who wrote (74164)	6/3/2002 7:27:45 PM
From: Sully-	Read Replies (2) \| Respond to of 99280

19:06 ET Brocade reaffirms Q3 and Q4 guidance (BRCD) 18.27 -1.38: Company reaffirms Q3 (Jul) EPS of $0.08 and revenues of $145-$150 mln (Multex consensus $0.08 and $147 mln). For Q4 (Oct), expects EPS of $0.10 and revenues of $160-$165 mln (Multex consensus $0.10 and $163.1 mln). 18:48 ET Qualcomm and Ford Motor to dissolve Wingcast venture : Reuters reporting that Qualcomm (QCOM) announced that its joint venture, Wingcast, with Ford Motor's (F) automotive technology company will be dissolved; Qualcomm owns 15% of Wingcast and will take a write-off of up to $11 mln in Q3 related to its investment in the company, which was formed to provide wireless data services in cars; Qualcomm to retain the rights to license the intellectual property developed by Wingcast.

To: Zeev Hed who wrote (74164)	6/3/2002 7:38:35 PM
From: Boplicity	Read Replies (1) \| Respond to of 99280

<<Another Missile Crisis? I well remember the Cuban Missile Crisis of 1962. It was more frightening than anything we're seeing now. In fact, the threat of a nuclear conflagration was itself so frightening that it distracted from the high-volume dive and selling climax in the market (what they call a capitulation these days). But there are enough similarities to bring it to mind. Which leads me to hope it will end the same way. No nuclear explosions and a bottom in the market. I suggest you inspect a chart of 1962 in a number of time frames to familiarize yourself with one of the most important bottoms of the postwar era. One of the main differences this time is that nobody is sure the “ Kashmir missile crisis” is the major culprit in the market's current discombobulation. Second, the relative volume is much lower. Third, there are a lot of other ominous news events competing with and even overshadowing Kashmir. Nasty happenings in specific companies - criminal probes and suicides, not all particularly relevant to the total market -- and a weak dollar capture headlines of their own. There is no way and no urgent reason to know exactly what has the market gasping on the ropes. The important thing is to remember that “even this will pass.” This is going to culminate in an opportunity you don't want to miss. The bad news is that the Dow and the SP-500 penetrated support levels that open the way for significant continuations on the downside. The good news is that both of these averages have positive TSV divergences. The good news is that today's breadth readings are worse (I believe) than on any single day of this entire two-year bear market, which means that this market is in an oversold condition. Yes, it can become more oversold, but this can't go on for long. -DW >>