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

To: t2 who wrote (79542)	6/15/2002 11:06:21 PM
From: ajtj99	Respond to of 99280

t2, I'm watching the dollar also. My view is that it will probably hit the 108 range before it hits 113 again. The recent weakness is just a prelude to what we will see further down the road, IMO. The bond rally is a phenomenon that might be over next week. It is just scared money running away from equities without factoring the effect of a weak USD on inflation. Read the charts. It's all spelled out there. As for short term rallies, look at the parabolic drops we get into these types of major lows, and you will see there is no major rally until the low is in once the parabolic drop starts. We're in the middle of one now. I really strongly recommend not being on the wrong side of it. This drop should take us to at least the low 1300 COMP, and there is even a slight chance that it could go to 1200 COMP, IMO, before we rally. The major rallies (35-40%) will not come again until the bear is dead, IMO. We've probably seen the last big one last fall. I think the rest of the rallies at the most will be in the 20-25% range on the COMP for the most part.

To: t2 who wrote (79542)	6/16/2002 2:33:50 AM
From: augieboo	Read Replies (1) \| Respond to of 99280

Okay "T2" or "Tee Two" or "Tea Too" -- (or whatever you call yourself) -- just who the HE!! are you and what have you done with NewVision? <g>

To: t2 who wrote (79542)	6/16/2002 11:50:22 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

nv/t2 here is tidbit for your side but it's has the strength of a "broken leg", imo. <<Excerpts from current market commentaries... Updated daily :Astrikos.com Thursday, June 13th (Evening Update) The latest program trading statistics were released by the NYSE after today's close (see report), and the percentage of program volume executed for member firms accounts jumped to nearly 35%. That's a significant increase in program activity from previous weeks, and the heavy volume figures over the past several days suggests that program volume remains above average. Since the September bottom, a pickup in program activity has generally related to a rallying market while a drop in program activity has related to a falling market. This tends to suggest that institutions have been and will continue to bring out the big guns in an attempt to keep the stock market from plunging into new lows (> LOL!--since when is DESPERATION BUYING by funds a Bullish signal! All this has done is to continue what they do best, lose OTHER peoples money--max)