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

To: ajtj99 who wrote (3327)	11/6/2001 12:23:24 AM
From: t2	Respond to of 99280

I hope you're lucky enough to catch the highs if this is it. If we go above 1815, we could run to 1940 COMPX after a possible brief stop at 1850 and 1890 COMPX. If you're wrong, you could be wrong by anywhere from 100-180 Nasdaq points near term and 350-points over a longer period I am hoping that Cisco news along with a Microsoft settlement (probable) with most of the 18 State AGs could provide that initial pop so I can unload some of my long trading positions. Agree with you on the risks of being long after such a nice move on the Nasdaq. What is going to be interesting is how the market closes tomorrow; a strong close would be a good sign considering how the market has rallied lately and given how the past few cuts did not spark the market. Expectations may have been building now for a sell on the news and if that does NOT materialize tomorrow and we get the strong close, a move close to 2000 (or 1940 that you noted) should happen quickly. Conversely, a bad close says we have topped out here and time to unload the balance of my trading longs. jmho