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

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To: Justa Werkenstiff who wrote (983)10/20/2001 9:40:24 AM
From: Zeev Hed  Read Replies (3) of 99280
 
We have to take out the 475 on the SOX, if we do not, I fear that we breach by December the lows set late in September. My model had us topping here (the local top) just under 500, we made a triple top at 475 (Oct. 11, 15 and 17) a good 20 points under that target, if we take out the 475, we may have a fake out to 525 plus minus 10 or so. That is still what I have in the "model" for now before the November top, but as I stated yesterday, I don't feel too good about this forecast due to the lack of achievement of certain "milestones" so far. The SOX is still under the September 10 level while the Naz already went above that level.

Zeev
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