Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (83478)	6/22/2002 3:12:40 PM
From: ajtj99	Respond to of 99280

Zeev, I'm looking at things and trying to see what may make sense in this coming low. One thing I believe may occur is a slight breach (by even decimal points) of the Dow and NYA lows on this drop. The assumed double bottom could be bought, and it would also satisfy the need for a breach across the board on all indices. The COMP, NDX, and SPX would just fall where they may until this happened. One indicator I look at that is excellent at calling bottom times is looking for another low around the end of August / early Sept. right now. That might be a re-test of some sort, as the strength is not as much as the one for the Sept. 2001 or June 2002 lows. It is reading stronger (more powerful downtrend) than the Feb. 2002 lows, however. I think to your list you could add the NASI going under -1225. Draw a trendline on the highs on the NASI and you can make a case for a very weak bounce, followed by a re-test or new lows later this year. If that trendline is broken to the upside, you've got your answer, IMO. stockcharts.com[w,a]daclyyay[df][pc20!a-1225][vc60]&pref=G