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TJ Parker

05/03/03 10:14 PM

#104186 RE: punkle #104179

i would add to those indicators, the apparent blowoff in the under-$1, soon-to-be-dilisted, old-time momentum stocks, like avnx (up 36% on huge volume), vert (up over 30% on huge volume), etc.
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Zeev Hed

05/03/03 11:13 PM

#104195 RE: punkle #104179

Right now, I would say no more than 20%, even if it was a local high, the first retrenchment will probably bought with "vengeance". I think we still have to wait for a real extreme in the P/C ratio (it is not even as low as it was on 1/6 and much higher than other turn dates like 8/22), the VIX must turn for real, and the Naz must show internal deterioration.

Zeev