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 (7705)	11/23/2001 9:54:58 PM
From: Mike M	Read Replies (2) of 99280

<<No, 1793 (82) is not until at least the week after that, right now I have the low on Wed at around 1842/48 or so. >> Zeev...I suspect you are in denial (or in the Nile... symptomatically all wet<g>) on this one. Barring a catastrophic event, I believe we will complete a third wave in the next week or so while breaking above 2000. We should then experience a sharp pull back which I don't expect to close below 1750... While I have no intention of betting the farm on this one, I intend to be net long until the market proves me wrong. Don't forget how tough it is to pick tops with the kind of liquidity you yourself have pointed to on any number of occasions. New highs vs new lows have a tendency to rectify themselves in a matter of days early in a bull move... If the market opens weak on Monday, it could be a swing trading opportunity for longs. If strong, it will delay any additional deployment for me... Ed note...now that's a double double Zeev...:o)

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