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Strategies & Market Trends : Steve's Channelling Thread

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To: Crimson Ghost who wrote (22959)	8/5/2001 9:04:50 AM
From: Zeev Hed	Read Replies (1) of 30051

Actually, they have the bottom farther out, in the October to February period, while the turnip's model (since late last year) have a bottom either this month or n October, depending on how much pessimism is generated in the next decline (if it indeed comes...). Since the June expiry, the market actual action and the turnips scenario have differed by quite a lot (according to the turnip scenario, we should have dipped below 1900 no later than tomorrow, and that does not particularly seems likely <g>). This divergence is bringing to the fore a new turnip "model" that coalesces the August decline and the October decline into a single violent decline preparing the ground for a sharp V type recovery, with a bottom, in a three weeks window between the last week in September and the first two weeks in October. I still think that the bearish stance taken since the late May top, was justified so far. Zeev

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