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 (20130)	1/9/2002 2:02:23 PM
From: ajtj99	Read Replies (1) of 99280

Wow, Zeev, that's a pretty high cash position for a top. I would think 70% would be more like it, but maybe at the EOD. I assume the core is at 20%, so it leaves you with 19% short term plays. It appears more and more like a top is in. We may get one more drive, but there was not much follow through on this gap up. The wall at 2100 is a pretty steep climb. NDX didn't get more than 1710. What many are missing right now is the inability of MSFT to get above a very strong wall of resistance at 70-71. The level has been hit several times, and each instance has been turned back since the Dec. high.

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