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 (7478)	11/21/2001 10:51:36 PM
From: ajtj99	Read Replies (3) of 99280

Zeev, nice number that 1782. That works out in several ways. -1782 was pivot low on Nov. 12 -A drop from a possible high of 1893 on Friday 11-23 (50% re-trace of the drop from 1934) to 1782 could re-trace 50% to 1840, which is a nice number, since it is also a .382 re-trace from the drop from 1934 to 1782. -1782 is nearly a 50% re-trace of the move up from 1646 to 1934 (or 1628 to 1934). Anyway, the area from 1782-1800 is ripe for the next drop down. The pivot low on 11-12 was 1462 NDX, so that is a good match-up too. By mild bounce I would think you mean a 50% re-trace of the move from the pivot high. If there are 3-waves down, your next target must be 1628-1646 range after the 1782-1800 level is finished. Have a great holiday!

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