Zeev's Turnips Message Board

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Strategies & Market Trends : Zeev's Turnips

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To: U.B. Green who wrote (423)	9/11/2001 5:21:56 PM
From: Zeev Hed	Read Replies (1) of 644

You may want to remove them and see how the day evolves, it could be quite cataclysmic at least for an hour or two until the fed money can stop a "chain reaction", I would not be surprised if the tick reached -1400 before it turns, but after it turns, it could precede a real snap back. This very sad exogenous event could have the impact of bringing back by two days the expected low on Friday (or next Monday). There is an outside chance that the decline continues for few days in a row, but Ii think that chance is of low probability. If we do not decline much on the opening, then I still have the "normal scenario in place (namely a major low in October). My cash position is very similar to yours right now (an iota less cash). Zeev

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