Replies to post #208040 on Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

AMZN and YHOO both have been defending here too...I love to find these golden channels for scalp trading @ support , but would like to think that one more good shake would be healthy to see, and offer nicer discounts .

weak reversal hammer on INTC here , but needs confirmation.

btw, along with KLAC's investor conference this tues morn early!

KLAC will provide a live webcast of its presentation at the Goldman Sachs
Technology Investment Symposium, to be held on Tuesday, February 24,
2004, at 7:40 a.m. (PT).
The webcast will be available on KLA-Tencor's website at
http://ir.kla-tencor.com/


NVLS will be also giving it's mid Q update on this weds after market
http://biz.yahoo.com/cc/5/39555.html

INTC's is not till march 4th
http://biz.yahoo.com/cc/8/39388.html

[Public Heel]

Zeev - I think the 5-day RSI actually did reach the buying level early yesterday afternoon. I would guess that the PTB (da Boyz, or whatever) have learned to anticipate and start buying intraday instead of waiting for the EOD number. I've seen this happen several times in the last couple of months - where the RSI was in the 30's the previous EOD, then the NDX dropped enough during the day to put it below 30, and the heavy buying came in almost immediately.

After all, it's no secret that, during this bull market, buying when the RSI goes below 30 has been a sure thing.