Replies to post #220707 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zack]

Zeev, what do you make of the low volume on Friday? Considering it was also an option expiration day, the volume was quite low... when we finally have a correction low, will it be a high volume capitulation kind of low? Or will it be a low volume deafening type of low? I was checking the chart in Jan-May of 1997 which looks like a similar correction and the low in April of that year occured in low volume. TIA

[Bullwinkle]

A couple of things to look forward at is end of month and quarter end which will bring earnings outlooks and speculation. Investors/traders will probably start positioning for positive reports provided warnings are minimal. Then we have a Fib retrace of 100% from the Dec '03 low which also coincides with the 200DMA and roughly 1900 COMPQ. If all of our stars align (similar to the lunar alignment of 5 planets on 3/27) we could be in for some fireworks.

Will be interesting to see what effect this will have on the markets (if any)...


http://www.space.com/spacewatch/planet_guide_040312.html

[urmygold1]

zeev...tasr maybe double top here???