Zeev's Turnips - No Politics Message Board

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

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To: orkrious who wrote (49834)	4/10/2002 10:56:57 PM
From: Zeev Hed	Read Replies (3) of 99280

That is still what my high probability model has, maybe we already bottomed here at 1733, a low probability of another move down to the 1700 (+/-10), and then a three step rally, first stop at the recent barrier 1770 (but that could easily be taken out tomorrow, and then should serve as support), next stop at the 1880 area and a final leg to 1920. Right now, I am still expecting tomorrow to be, once more a G&C scenario, but if we do not breach 1733, I will lower my cash position. I am deploying about twice as many positions during the "lunch and secondary lunch tactic" because I "sense" (no good indicators) that we are not too far from that bottom. Watch the volume and new high expansion, that is a very positive sign (positive for the bulls), IMHO. The high equities P/C ratio during the early decline (run above 1 this morning as well) is another indication. Zeev

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