Zeev's Turnips - No Politics Message Board

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

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To: anon who wrote (9225)	11/29/2001 1:54:25 PM
From: dwayanu	Read Replies (1) of 99280

...i think we'll see new lows, bwdik. From the wave/retrace/fib/etc side... From Tuesday's high to yesterday's low as wave 1 (or A) down, then today's action is wave 2 a-b-c up, with a and b complete and we're moving up in c right now (1:45 PM). A 50% retrace of 1965-->1888 by this c wave would take us up here to about 1925 Comp and 1600 NDX, plausible stopping points IMO, and sufficient relief of short term oversold conditions to allow the broader drop from Comp 1965 to continue. Next would be a wave 3 or C down, though a rally from the current c is I suppose possible ('possible', as usual, sigh......). - Dway (I'm short, QQQ Dec puts, cheering for the dark side) Edit: Catch that 1:30 Nasdaq TICK spike? I hear that Enron hired Henry Blodgett as a financial consultant. <groan!>

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