Replies to post #349049 on Zeev's Turnips Patch-No Politics (ZEEV)

[titan3]

The market seems doomed...which makes me think there will be some kind of huge rally to the plus side. I could be wrong, but just when everything looks bleak - when ihubbers sound bleak - the market breathes anew. Could be wrong...dunno. Somebody is gonna like these low prices sooner or later and want in.

[Public Heel]

We haven't had many 14-day NDX RSI's lower than today's (26), and most of those were right after 9/11. In May of 2002 we had slightly lower readings for three straight days, then the Market staged a 15% rally in less than two weeks, before selling off 39% into October.

I guess you're predicting something along the same lines, but not quite as volatile...