Zeev's Turnips - No Politics Message Board

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

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To: Steve Lee who started this subject	5/5/2002 10:20:46 PM
From: Jeff	Read Replies (2) of 99280

hard to believe this thread full of bulls who spent the last month catching falling tech knives and ignored gold stocks rising and rising at the same time are now just opening their eyes to gold.... must be near a top in gold and bottom in tech....:-) anyway...to follow gold stocks use these...$XAU...$HUI... the top golds in this run have been NEM...HGMCY....GOLD...DROOY.....ASA....AU...MDG...HL ..KGC....GLG... some other miners on my watchlist are....BGO..TVX..ABX...PDG...AEM...GSRSF..GPXM...MYNG... CBJ...ECO...CDE..SWC..FCX...SSRI..PAAS... when tech's make their final ramp in late summer....these could be in their final dip stage in late summer before the gold bull resumes and tech's turn to dust going into 2003.... for those who prepare for worst case....and only play longs....it would be wise to save this list and then if in september you see the nasdaq start crashing and golds taking off again....these may be your only long money plays for a long time as tech enters its final phase bear market to the abyss..... august and september are going to be very important months.....it will be do or die for tech.... my early prediction is die....and will be confirmed by a low in early june around 1400....summer channel trading between 1400's and 1600's....around august 6-8 a nasdaq ramp starts and peaks in september... if anything similar to this in time frame or the numbers happens.. i would expect that last high end of summer to be the last high in nasdaq....then the bleed to 1100 would start.... only thing that might change this would be to keep selling off now without an expirations ramp job....then i would lower my numbers some to 1300's to 1500's....with 1695 as an important high..... if we get an expirations ramp.....then maybe 1725-1790 could be seen one last time..... nasdaq will never see 1900 again this year....because the last double top failure at 1942-1946 broke any hopes the sept run was a new bull market....that double top turned the market right back to full bear market fury much like the important top at 5000.... the top is sealed at 1946.....now the market is looking for the bottom and it could take a year or more.... imho....

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