Zeev's Turnips - No Politics Message Board

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

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To: longdong_63 who wrote (76235)	6/7/2002 7:00:55 PM
From: Zeev Hed	Read Replies (1) of 99280

The low in October of 1998 was about 1343 or so, I am taking a panic spike under it to 1296 (to also break a "psychological" level at 1300) as the "ultimate" potential bottom, for a variety of reasons, but if that is breached, I really have no way to target the next level except using various fib ratio of the most recent (by then) declines. None of these are particularly good. I think that so far, since the April breach, the market is following a very tight scenario, which should culminate in an excellent bottom as planned around the 28th, if, the market continues with the scenario. The break today was a little deeper (and earlier) than anticipated, but it does not change the general scene by too much. Just as the Mid May bounce all the way to the top of the expected range, did not change much the outcome of the Nassacre in General. Zeev

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