Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (2231)	10/30/2001 9:31:19 PM
From: mishedlo	Read Replies (1) of 99280

Soft, for all I know we can hit Naz 1200 this year. In fact, I belive it is probably overvalued at that level. Is it possible that we rise to 2000 here and the bottom from here to the end of the year is where we sit now? Yes that is possible as well. I have gotten killed being locked into "beliefs" several times this year. Right now, I do not know. I will be very comfortable shorting a double top at 1700, very very strongly. Then if we rally to some obscene level like 1950 I will at least have that retest of 1700 coming. Right now, I am looking to scalp longs if turnips suggest up. I sure as hell am not committing anything more than day trades to this adventure. This action reminds me very much of May-Jun-July. Just as soon as everyone thinks the huge down is about to begin, we rally. Time and time and time again. At least here, we will see our answer in a couple weeks or so, as opposed to three months when every damn option either way expired worthless. ng M

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