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

To: ajtj99 who wrote (94890)	7/15/2002 8:51:42 PM
From: sylvester80	Read Replies (1) \| Respond to of 99280

No, because the NDX did not. Take a look at the NDX chart of the last 5 days. It will blow your mind. NDX low is at 950 then 945 and today 955. Looks like a good round number to me for a nice rally. For the DOW, draw a trend line from the Aug 98 DOW low, to the Sep 2001 low. Where does it intersect today's low? (DRAW THE CHART!) I warned everyone early on here today about it.

To: ajtj99 who wrote (94890)	7/15/2002 9:18:33 PM
From: nsumir81	Respond to of 99280

I agree with ajtj on the arbit. number reversal. We got a hammer from 1414 on the COMP a few days back. Also is there any significance of the S&P lows? (and the COMP too for that matter)...asides from supposed/alleged capitulation (ggg)

To: ajtj99 who wrote (94890)	7/15/2002 9:26:36 PM
From: Jdaasoc	Read Replies (2) \| Respond to of 99280

If this signals a true reversal, we would be climbing AH. S&P futures are 920 unchanged. I don't see big money moving into an oversold situation or fear in shorts to cover. There is definitely some short squeezing on Naz but he have Intel AH tomorrow. All eyes are on INTC numbers. I they good then rally busts out to upside. If there not so good, then we start to slide downhill with momentum without much chance of a rally.