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


To: Zeev Hed who wrote (76244)6/7/2002 6:53:59 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 99280
 
Slouching Toward True Ugliness: The Coincidence of Time

June 3, 2002

by, Barclay T. Leib

CNBC is befuddled -- Just when things seem bad enough, they suddenly get worse. One CEO resignation, becomes
two or three. Occasional suicides keep popping up. A realization sets in -- as reticently confirmed by AMD's CEO
on CNBC last evening -- that there is no real chip demand developing in the pipeline. Previous dreams and hype
that the SOX Index should lead the way out of an economic slump simply evaporate.

All of our cycle work and the techniques of several others suggests that June 2002 may be a hellacious month
long to be remembered.



To: Zeev Hed who wrote (76244)6/7/2002 7:03:51 PM
From: Chispas  Read Replies (1) | Respond to of 99280
 
Zeev, I'll ALWAYS remember when it was about 1757...and, you said...

"Head for the hills"...

(Lest some others forget.)



To: Zeev Hed who wrote (76244)6/8/2002 4:43:33 AM
From: SirRealist  Read Replies (1) | Respond to of 99280
 
If we could go to 1400 immediately, there's a good chance we'd rally after, within a trading channel that began in January. The top, today, would just close that gap around 1699. But with each day that passes, both targets drop lower.

135-150 pts down within 3 days is not that difficult to accomplish but today's rally back just might signal a short-term bottom.