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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Crimson Ghost who wrote (14701)12/19/2001 7:08:17 PM
From: ajtj99  Read Replies (2) of 99280
 
George, by 9%, that's the SPX, which translates into 1050 SPX and about 1600 COMPX. That's kind of hard, but not necessarily brutal, considering where we were at a couple months ago.

I wish I could be certain things will go down hard. If we go up in January, I'm of the opinion we may get a repeat of last Spring, when everyone was talking v-shaped recovery, but it appeared it would happen later rather than sooner.
Another other option could be the drop like we had over the summer.

I believe Zeev's scenarios may also involve rising and falling wedges in addition to the other normal indicators, so the targets are more complex when woven into the web of the turnips.

Either way, I think most here would tend to agree the January effect should be respected, and a sell-off or correction in February should be expected. I think the direction will be much more clear by the time mid-February rolls around.
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