Zeev's Turnips - No Politics Message Board

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

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To: m1o2n3i4c5k6 who wrote (33278)	2/25/2002 6:07:20 PM
From: Zeev Hed	Read Replies (3) of 99280

m, this is one of those cases where the turnips do not have a strong opinion one way or another, the lows of last week were no typical good lows on which to build a rally, the 1695 area was at best a mild support, but no "anchor" for a rally. From time to time, the market simply is confusing to the turnips, this is one such time. If the rally continues, past the 1805 on a closing basis, the turnips will reluctantly turn neutral and reduce cash to the 30% or 40% area (from 60% right now), assuming that we have started the Spring rally they expected. Frankly, there is a pretty good chance that as I deploy, I'll get whipsawed, but a close above 1805 will force my hand. Zeev

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