Zeev's Turnips - No Politics Message Board

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

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To: da_cheif™ who wrote (7621)	11/23/2001 12:18:09 PM
From: ajtj99	Read Replies (1) of 99280

cheif, do you not expect at least a RE-TRACE of the recent run? If we successfully re-test the Sept. 21 lows, a case could be made that the bulls in September were correct. However, your Sept 21 positions will be only up 5% if that happens. Being profitable on the entire move is much better than being correct about the proper definition. You did mention 1987 in a previous post. Look at what the SPX did in 1987 - it formed a double bottom in December after a 15% gain from the lows. That's very similar to what we did here after the Sept. 21 lows. Take tech out of the SPX, and I'll bet it's even with the 1987 run. Hey, I'm on the bull train like you (maybe my stop is earlier than yours), after a double bottom. I think you expect too much of us to only selectively remember those events which support the bull case. As for the call for Nasdaq 5000, if we make enough predictions, some will come true. I think you were making an extremely bullish case back at the May 2001 top and even at the Aug. 2 pivot high. I guess my point may be that e-waves may not adjust quickly to a post-bubble market.

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