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

To: Zeev Hed who wrote (78923)	6/14/2002 10:55:48 AM
From: Softechie	Respond to of 99280

Nasdaq broke the neckline...it's going 1100 100% now...

To: Zeev Hed who wrote (78923)	6/14/2002 11:00:40 AM
From: James Strauss	Respond to of 99280

Nasdaq 1387 Next Test... *********************************** Zeev: The VIX gapped past 30... bigcharts.marketwatch.com The Sept low at 1387 would set up a bullish double bottom... bigcharts.marketwatch.com Lopsided ratio of New Lows overpowering New Highs on both the NYSE and Nasdaq... finance.yahoo.com This is smelling like the build up to a capitulation selloff bottom... Jim

To: Zeev Hed who wrote (78923)	6/14/2002 11:00:57 AM
From: 4rthofjuly007	Read Replies (2) \| Respond to of 99280

Zeev, I wish that I had bookmarked your post but I believe that prior to your most recent turnip revision, you had said that if we breached 1450ish (maybe it was 1459) this week, it was possible that we may have seen the lows for the "nassacre". Am I wrong and is this still possible or has the recent market action eliminated this possibility?

To: Zeev Hed who wrote (78923)	6/14/2002 11:04:08 AM
From: All Mtn Ski	Read Replies (1) \| Respond to of 99280

Interesting that we got the same action last Friday, big gap down, only to close that with an intraday rally. I saw the tics go over -1000, but ever so briefly as the rally started. VIX solidly over 30. I guess the more 'stubborn' the markets are on the way down, the lower we'll end up going? Good call on the QCOM short yesterday, I didn't act on it, and the fact that QCOM isn't recovering with the market, tells me that $25/26 target looks good. A-M-S