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

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To: t2 who wrote (58079)4/28/2002 9:14:29 PM
From: Justa Werkenstiff  Read Replies (1) of 99280
 
NV: Yes, absent a crash (always a small probability) here the probabilities favor a stabilization and then bounce/rally into the FOMC on May 7th. Target is slightly above $33.

I am not suggesting there will not be market weakness tomorrow. Not sure. Sox might be drawn to 500. But with Friday's down, the upside reward is greater in my mind. I see a logical stop to carnage is in the 1650 area.

I would not be short here in the shorter time frame.
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