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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: 16yearcycle who wrote (78673)6/13/2002 9:41:13 PM
From: Zeev Hed  Read Replies (4) of 99280
 
I have just finished "incorporating" today's trading into the model, and while the window for the interphase bounce is still next Tuesday, there is a high probability that today's high at 1526 was "it". If it turns out to be the case, then phase III od the Nassacre should bring down the Naz lower than 1320, and at the earliest on Wednesday June 26th (11:28?<g>). The last phase of the Nassacre may very well be the bloodiest (could be as much as 20% or 300 Naz points from the recent high here at 1526? or a full 100 under the "nominal low). I was hoping for the interphase bounce to push all the way to 1595 so that the end of Phase III would not cause a breach of the September lows, but what I was hoping and what the market is serving are two different things. I am already at 68% cash and it is very likely that IDCO will breach my stop tomorrow, in an event, I will probably be selling it on any bounce, I may also sell the AETH if it just get an iota above $3 (that will be close to a 10% gain, in any event, and a profit in face of an impending phase III is a profit). Similarly, I will probably take what I can of NEWP and GNSS trying to get to the 80% or more cash level before next Tuesday.

Zeev
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