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

To: Zeev Hed who wrote (79489)	6/15/2002 6:40:30 PM
From: john722	Read Replies (1) \| Respond to of 99280

Zeev. If Anyone Has any Doubt about the Nassacre tell them to just put up a monthly chart of one of the Generals, AMAT. Perfect Double Top with the Tops One Year apart (4/2001 - 4/2002). Should be fun after the Options rampola...............................

To: Zeev Hed who wrote (79489)	6/15/2002 6:59:55 PM
From: Crimson Ghost	Respond to of 99280

Harding says that the 3 major indexes (Dow, NAZ and S&P) probably will be testing their September lows this month. Hard to believe in the case of the Dow; but the others are farily close. If the Dow does test its September low, the others probably will fall considerably below those troughs IMHO.

To: Zeev Hed who wrote (79489)	6/15/2002 7:04:21 PM
From: NOW	Read Replies (1) \| Respond to of 99280

Zeev :excuse me if this was answered by you or others here, but why should the extreme NYSE trin and CBOE p/c yesterday not mark an important low (even an importantST low)?

To: Zeev Hed who wrote (79489)	6/15/2002 7:11:03 PM
From: willcan	Read Replies (1) \| Respond to of 99280

OT Zeev, Think this effects "the holy one" ? <vbg> SAIT Develops Fuel Cell. Samsung Advanced Institute of Technology (SAIT) has developed a credit card-sized fuel cell for cellular phones. The direct methanol fuel cell features an output density of 32mW/cm2 and is expected to be commercialized between 2004 and 2005. <http://www.powerpulse.net/cgi-bin/displaystory_new.pl?id=5801>

To: Zeev Hed who wrote (79489)	6/15/2002 7:45:57 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

I agree, Zeev. The indicators we had at COMP 1445 are nothing like what we see at major market lows. We ARE going to breach the Sept lows on the COMP, and it will be more than just a few points, IMO. One indication that the correction will be steep is the breakdown of the small and mid-caps. Many have broken uptrends just in the past couple of weeks that have been largely intact for nearly 9-months. That is one reason this swoon will be more brutal than many are expecting. The Dow is acting as if 8800 will not contain it on this drop (that's a H&S target). I thought 9300 would hold last week, but it was breached handily. Next support is 9000, and we could possibly see that this week. Below that support is around 8600, then the Sept. lows. The 3-4 day cycle of drops and re-tests lately would indicate we're due for a test of COMP 1445 by Tuesday or Wednesday. COMP 1445 should be breached and another short bounce should follow. I doubt we touch the Sept. lows this soon, however. Possibly the next target will be the closing low around COMP 1423. The daily charts are going to be useless for the next 2-3 weeks. The longest chart that is useful for trading is the 60-minute right now, IMO.