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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Math Junkie who wrote (28784)2/8/2002 4:24:39 PM
From: Zeev Hed  Read Replies (5) of 99280
 
I went out at 33% cash. Still bullish since I expect this run to continue to about 1860/80 or so. The turnips apologize, once more for not being able to gold the line here at 1793, but that was a short term aberration. Now it maybe a good idea to start and reduce cash further if we indeed advance to the high 1800 next week, since I think that after expiry, we are going to see the area of 1720/1750, probably before the end of the month, but no later than the second week in March, IMTO. Before I started takin profits today (and some big losses as well), my cash was under 10%. I took IDPH off the table too early, but one must admit there was a "touch and go situation there when we were bouncing against 1870 that the "very unlikely" scenario of a black Monday was looming, luckily, we held all day well above the 15 naz points decline which would have trigered a "to the hills" call. (vbg).

Zeev
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