Zeev's Turnips - No Politics Message Board

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

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To: Justa Werkenstiff who wrote (41289)	3/16/2002 4:21:18 PM
From: 16yearcycle	Read Replies (3) of 99280

I have a high probability of a big move this week. Up past 2000. The target I have is 2050-2068 max. If that pans out, the scenario then unfolds with two poor weeks, bring us back down to 1880-1920, and then one final thrust after that to 2130, or failing at 2100. I no longer have 2250. The nas then goes into the toilet and it would probably be smart to be out altogether. We could be all over the map and I don't see any good opportunities until the nas gets crushed back to the near the recent lows, or lower. I don't have a read on that really. The downtrend will have to be established first. All I can say is that this is what my favored signals suggest, and I can clearly see that most of the ta suggests we are already overbought. The way I will personally play this is too try not to get to cute within the suggested general trend, but play the thrust up, cut back until we are back around here, and then play the final thrust up, and then get out. IF the scenario isn't playing out I will take appropriate protective measures.

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