Zeev's Turnips Patch-No Politics (ZEEV)

[Applehead]

Zeev,

I was interested in how you may think now is different from
the rally last year during October with regards to stocks above their 10 MDA? Seems that its possible even a move to 1222 may be a tad too bearish <g>

Looked at the Fall rally in 2001. On Oct. 11, 2001, the numbers seem more extreme (semi index 93% above 10 dma, and nas 100 index 94% above 10 dma) than they do now (semi index 93% above 10 dma but nas 100 index 81 % above 10 dma) and we kept going all the way up until early January as you know.

BUT there was hardly a blip down in Oct 2001 (i think we got down a max of 79 pts intraday in the next week from that Oct 12 that intraday high of 1707 where those extreme 10 dma numbers happened) before the ascent continued.


Oct. 11 -12, 2001 ---->
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16666723

Now ---->
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18159852


One things for certain. IF we continue to rally into the New Year, you gotta be darn quick and nimble to grab into those 'dip' days. thanks again for info on the thread here Zeev,
cheers
Applehead