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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: JOHN N. who wrote (19531)	7/2/2001 8:11:42 AM
From: Mark Johnson	Read Replies (2) \| Respond to of 30051

<<I thought we were supposed to be down to 1850 on the NAZ by July 3. Now we are expecting a market top by July 5.>> LOL....Zeev can't seem to make up his mind....and all the lapdogs loaded up on short term puts......poor devils, being led down the road to ruin by the great and all powerful Zeev....remember the great Oz in The Wizard of Oz...Zeev's the same guy....

To: JOHN N. who wrote (19531)	7/2/2001 8:37:08 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

John, you must have not been here Thursday morning, when the turnips gave a short term buy signal. They do reserve the right to be wrong, change their mind and change it often. I do not have a date for a top of this move, and July 5th actually might be a local bottom (I doubt, however that it will bring us much under 2100). A breach of 2078, will once more change the turnips to a more defensive stance. Right now, I am at only 16% cash (consider this almost "fully loaded"), so I will be doing a little pruning today and some reshuffling depending on specific situations, but expect to be under 30% cash untilI I see real signs that this mini rally is coming to a end. I have a target of 2250 to 2300, with a max of 2388. It the latter number is breached, we may be for a surprise upside. Zeev