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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: TREND1 who wrote (40948)3/14/2002 10:30:09 PM
From: Zeev Hed  Read Replies (4) of 99280
 
Larry, as is the "norm" in intermediate moves, I fear that the sell signal of today will become a "whipsaw" (well if followed the last one was not that bad in the Q), namely, it should reverse relatively rapidly. I have lowered my cash position to the 54% level. we are approaching the 1830 area which was supposed to be the "most likely" turn (but as I suggested, no big turn signs in sentiment indicators), and right now, we should get ready for a spring rally. Like last year, it could still take another two weeks to the end of March (the last two weeks were particularly "painful"), so I suggest "sliding in slowly with relatively "safe" stocks like MRK and IGT (both have stop loss on a breach of $60, again).

Zeev
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