Zeev's Turnips - No Politics Message Board

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

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To: augieboo who wrote (76464)	6/10/2002 6:43:59 AM
From: Zeev Hed	Read Replies (5) of 99280

Augie, there is a possibility that the end of Phase II was reached three days early and we bounce till Wednesday afternoon. Maybe I should explain the rationale for the potential 1459 low I mentioned last Friday. According to the original "plan", phase II should end with at least one GNT (which we still have not seen), if that GNT happens, then there is a good chance of breaching 1500 again here. If that GNT does not happen here, it will have negative implications longer term (I'll have to revise the target low for the end of phase III, lower. Thus, for the next 2 days (and till next Tuesday), I really do not have an opinion as to how far we go, I can only set a limit on the upside at 1595 (Max 1610) and 1459 on the low side, both really limits which are too broad to be useful here. Zeev

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