I thought I made that quite clear, the "indow for the Nassacre's end is June 28 plus minus two trading days. I also discussed the detail of such a bottom, suggesting we got the Nassacre bottom on the 26th, and that we should have a retest Monday and /or Tuesday getting us down to the 1400/20 area. From there, I have a mild rally to the 1526/55 area within two to three weeks of the bottom (actually, the turnips just spewed out a target date for the late July top to Wednesday July 24th at 2:12 PM, mathematical programs have a lousy habit of spewing out data to the 4th decimal, even though the last three are of no consequence <g>). The turnips also provided a nominal target of 112 Naz points above next week's low, but no less than 1516. I would call it a "crappy" rally. They noted, however, that this target could be easily surpassed if the new highs list on the Naz Friday, was not a "fluke" and if this week we continue with new highs in excess of 170 and the week starting July 8th, increase that above 210, they will consider raising the initial target.
Zeev |
