Replies to post #143325 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

We got soup to nuts 52 W highs

IFX WMT MMM RJF IRF MBI

We had 8 months to from post 9/11 decline turnaround until S&P crashed and burned in 5/02 with little to show in pot about recovery prospects. Duration of 03/03 rise not over and done as long as your so called hot money can chase shorts who assume we are entering seasonal weak period.

[Bullwinkle]

AJ,

40% of trading is programmed trading. Do you think the computers care what MSFT's earnings are going to be? No. They only care about hitting fibonacci's, trendlines, support, resistance, Moving Averages, and cycles.

Would it be fair to assume that there are few sellers in this market and that these trading programs are set to sell at certain levels that may have been barely reached if at all yet? I guess my question is what happens when the humans return from vacation...