Zeev's Turnips - No Politics Message Board

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

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To: Zeev Hed who wrote (76044)	6/7/2002 4:20:21 PM
From: ajtj99	Read Replies (2) of 99280

Zeev, in general I agree. However, if they did not have any other plays, they would have to wait for the bottom to buy again, as options are brutal when you sell and re-purchase. Looking at the BTK, it appears it may hit the 320-330 area on the next drop if we don't get some extension on Monday. The Dow and SPX re-traced 50% of the drop, so they look done. The COMP and NDX also re-traced 50%, so they appear headed for the next level, probably around 1450 COMP and 1066 NDX. Dow 9300 and SPX 990-997 appear within reach next week also. Anyway, the set-up for the next month seems like it calls for an ultimate drop to 1297 COMP, which coincidently is within 1-point of a number you mentioned back in February. Those turnips are quite amazing indeed.

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