Jim, I am not sure what you are after, you must be very severely "Reading Challenged" if you read anywhere in my post that I said the next two weeks are up. A couple of days back (actually a full week back), I was saying that the first bounce from phase I of the Nassacre will get us from about 1650 to the 1686/96 area, with Max top at 1710.
For you I'll translate it into "English Challenged" English.
You are a little behind the curve, the May top was at 1759 (I had max May top at the 1757/70 range), then the first leg of the Nassacre called for a drop into the gap (about 100 Naz points, I had a nominal 1666 as target, with max drop at 1650, we hit 1647, I believe). Now, in case that is not clear, that was Phase I of the Nassacre. After phase I comes the minirun, something like 50/60 Naz points, thus the first bounce to the 1686/96 range with max at 1710, so far we had 1697, I doubt we get that far again (1710, additional translation), but the window of "opportunity" for the first bounce was till next Wednesday morning. Right now the major issue is how far does the second leg of the Nassacre goes, I have made some suggestions, but the market has its own mind. Do the searches yourself to see if that is what the gist of the recent turnips musing was. Better yet, Augie is translating from my Hungarian, to the "simple man's" English, probably just for you. Why don't you make an effort and read his posts?
Zeev |
