Zeev's Turnips - No Politics Message Board

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

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To: Zeev Hed who wrote (252)	10/12/2001 12:27:16 AM
From: ajtj99	Read Replies (1) of 99280

Zeev, with what appears to be an island reversal, if we hit resistance at 1720 COMPX, the pullback could nicely fit into support around 1642 before going back up. It appears this would also work out for Max Pain next week, especially if we extend today's gains a bit in the early going on Friday. It appears the Turnips' scenario is playing out quite well and a repeat of April-June is at hand, although with a bit less upside possibly. Does this island reversal reduce the prognisis for a double bottom in December? It would seem the techical analysis will have to yield to turnip economic reality if this is going to happen. With things so incredibly overbought right now, we may need to consolidate in the 1673-1700 range for a bit before the next major move past 1720.

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