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

To: TREND1 who wrote (5305)	11/13/2001 4:52:05 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Larry, is not JNPR already "broken? it sure "looks" like it is it should have gone above $26 by now (actually, $30 was my target on that one <g>) to maintain its status as a respected member of the Q.

To: TREND1 who wrote (5305)	11/13/2001 6:16:10 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Larry, we've got 3-gaps below to fill, the fundamentals are horrendous right now, and a pullback seems imminent. I'm over 95% cash today, so I'm waiting for the opportunity to short the living daylights out of this thing. Buying this market right now is like buying the Hunt brothers' Silver at $60 / ounce 20-years ago. A pullback to around NDX 1440 is a pretty fair assumption after this top is done. After that, I'd expect at least a partial re-trace of the drop. From there it will be a decision to either go long or short. From my perspective, short and a re-test of the Sept. low is the only logical alternative in this environment. It is very hard to make a compelling argument to buy long at this point. I guess I am not using the 1998 bubble bounce as a yardstick for this bounce, instead preferring 1987. The indices have already bounced beyond what I expected, but I got out when they got to my expectations (SPX near 1100 and COMPX at 1754), which were based on historical expectations and trendlines. I guess the contest will be whether your profits will be half what they are today when you get a sell signal or if mine will be double what they are today at that same point. I guess the market will tell us, as will some posters too. Good luck, Larry. I always enjoy your contributions, even in your condescending tone.