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Zeev Hed

07/15/06 10:05 AM

#486382 RE: ZoZoStockWatch #486379

Yup, this bear is leaving some deep spoors on my folio in the last few days...and we still did not generate a VTO buy signal. Some numbers are approaching extremes, but no cigar yet. My late September early October low on the Naz is now lowered to the range of 1850/1910, and I still expect a bounce of some 80 to 120 Naz points from the July lows (hopefully happening sometime next week) before we go into that wrenching spoors printing end phase of this bear market.
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pelicaninnc

07/15/06 7:41 PM

#486404 RE: ZoZoStockWatch #486379

Lots of earnings next week. QQQQ's look like there going to drop below 30 rsi.
Could be some nice buying opps for a short-mid term bounce on earnings warnings/carnage.