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

To: Zeev Hed who wrote (78152)	6/12/2002 11:15:06 PM
From: Stockdoctor	Read Replies (2) \| Respond to of 99280

why GAP AND CRAP tommrow Zeev?

To: Zeev Hed who wrote (78152)	6/12/2002 11:19:57 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Tomorrow if the VIX and VXN do not drop, we'll know to get out of Dodge. The 60-minute charts of the VXN and VIX shows a drop, but not the dramatic drop we see in a major bottom reversal: stockcharts.com[h,a]eaclynay[pb10!b20!d20,2!f]&pref=G stockcharts.com[h,a]eaclynay[pb10!b20!d20,2!f]&pref=G Actually, if the put/call ratio hits 0.85-0.90 on a close, we'll know it's time to get out of longs. There is rising support on the $CPC: stockcharts.com[h,a]dallynay[db][pb10!b20!d20,2!f]&pref=G I'm still under-water on my BTK calls, but I anticipate getting out of them at a substantial profit on the G&C tomorrow. The BTK was especially weak. It was the only index I was watching that nearly did a full re-test of the early day lows. The BTK has been leading all along, so it bears close watching the next couple of days.

To: Zeev Hed who wrote (78152)	6/12/2002 11:59:55 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Zeev, I mentioned a P&F target of around 1000 NDX, but that was an old P&F target from Dorsey. I see we had another breakdown, and the implied target for that is QQQ 23, which is 922. I have found P&F targets to be quite reliable on the QQQ, so that and the triangle breakdown point to NDX 912-922 as a target low on the next leg down. That would mesh with the 1302-1306 COMP target I mentioned earlier. I guess you could say I'm in the near 1300 COMP camp right now for the end of June low.