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

To: JRI who wrote (793)	10/18/2001 1:07:34 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

JRI, I'm referencing the topping action in April/May for a clue to where this is going. The COMPX/NDX were mostly overbought or neutral during that broad topping action. That could mean a bit of consolidating here, as yesterday was quite a violent move. As far as where we'll be tomorrow, I bought QQQ November 34 calls today, so I'm believing we'll see a top sometime before Nov. 19 because of the reasons listed in one of my earlier posts. That top may be a double top at 1750 COMPX or the 1793 cited by Zeev. As for tomorrow, I don't know where we'll be. I'm fairly confident we'll stay at or above the lower end of the unfilled gap below 1634, but I am not fooling myself into thinking we can't go to 1580 COMPX. My gut tells me we'll be around 1650-1675 again tomorrow, but that's not anywhere near as reliable as turnips are.