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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (19)10/10/2001 9:04:30 AM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
Rotation is the norm after big moves, and the move from under 1400 to above 1600 is a big move by any standard, so we are getting a retrenchment, my turnips' expectation was that this retrenchment would not be greater than 100 Naz points from the top, that together with a cycle low for today, should, IMTO, put an end to this current retrenchment. The major test of the late September low, will not come, IMTO, until just before Christmas. Right now, the "modified scenario" (where the October and August lows of the earlier model coalesced in September) seems to be playing perfectly.

Zeev