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

To: Zeev Hed who wrote (1971)	10/28/2001 11:58:54 PM
From: t2	Respond to of 99280

Zeev, What is your current strategy? Are you basically in cash and daytrading? How long are your holding periods? Mine has been to ride the momentum up lately and not try to exit out of tech positions. Getting a little uneasy about not having taken profits. Thanks.

To: Zeev Hed who wrote (1971)	10/29/2001 12:17:00 AM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Zeev, it is my understanding that MRK has many patents that are about ready to expire, with not that many in the pipeline. If so, MRK can get crushed. Comments? M

To: Zeev Hed who wrote (1971)	10/29/2001 12:28:09 AM
From: ajtj99	Respond to of 99280

Things are a bit overbought right now, but we're at the end of the month, which is normally a stronger period due to window dressing. Tax loss selling shouldn't be an issue anymore with the funds, as you need to have profits to offset those losses. Most funds and stocks are underwater this year, and most of that selling is wrapped up 7-10 days prior to the end of October if anecdotal memory serves. I believe October 31 is GDP for September and the 3rd Quarter. That may be a wildcard this week. NAPM is Thursday, and unemployment is Friday. Not a good week for news, IMO. The trading range on the COMPX seems to be about 50-points or so for the most part, with a 100-point or so move once a week (up and down). In other words, 1737 should serve as short term support, but we could get a move down to 1706 or so if we get some nasty sell on news later in the week. Beginning of the month is good for inflows from pension funds, so maybe we'll have a whip-saw effect again like we did each of the last 2-weeks. I like the double top scenario. I also like the possibility of a cycle high and a the typical Greenspan Put on the 6th. Great call on 1793, Zeev. I thought we'd top out at 1750, but the breakout above the 50DMA seemed to bring a nice spike up to the resistance at your top. I am a bit puzzled on your seemingly high targets of 1057 and 8700 for the Dow for the low in December. I know the SPX sold off a bit sharper than it should have in September, but it seems a target of around 1000 is more reasonable for a December low on the SPX. This especially in light of the comparison to the 1987 crash. By the way, Kevin should consider using the "TM" instead of the "circle R" for the Turnips, as you need to have documentation of registration from a state or the USPTO to use the circle R. That's splitting hairs, I know. I also agree that we need to continue to support our pre-Sept. 11 charities. Many are hurting right now, as corporations and individuals have channelled much of their remaining 2001 charitible money to the 9-11 charities.