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

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To: jjstingray who wrote (67738)5/15/2002 3:43:39 PM
From: Zeev Hed  Read Replies (2) of 99280
 
Not initially, the decline may be stealthy in the first week after expiry, it should gather momentum once we get late in May and then June will be maddening (to us bulls). The market likes three moves (up or down), so after a decline to around 1696, we may have a small bounce and a bigger bounce from 1650, once 1650 is taken out, I expect the major drop to occur. I think that lunch tactics may work well initially. I still have 300/350 as the whole move from the high, so Bernie's calculs is right. However, I should add that unless I can see the white in the MM's eye's I would not jump in yet in a big way at 1460.

Zeev
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