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

To: LTK007 who wrote (93959)	7/12/2002 5:50:22 PM
From: Casaubon	Read Replies (1) \| Respond to of 99280

the market has until next wednesday to follow up on 7/5 rally. If it does not rally by then, it likely will make new lows. Even if there is a follow up rally after the ten day stretch it is less likely to hold the lows. (as per William O'Niel). In any event, I think these rules do not apply, as we have already taken out the low of the previous rally.

To: LTK007 who wrote (93959)	7/12/2002 7:07:15 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 99280

Sometimes you have to look beyond the trees to see the forest. The relative strength of the NAZ and NDX have improved tremendously. Sure we probably will go lower still, but the ground is being laid for a powerful rally in tech in the not too distant future. And from levels not far below where we are now IMHO> Steve Saville -- who has been beating the turnips lately -- this morning predicted one final flush down before a good rally lasting a month or more. With new lows for the Dow and S&P 500, but no new lows for tech. I am encouraged by the breakdown in the Dow and S&P. Capitulation is spreading from tech to the overall market.