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


To: SirRealist who wrote (10896)12/5/2001 5:10:05 PM
From: 4rthofjuly007  Respond to of 99280
 
No one looking for weakness from late Dec. through early next year? Interesting. We are pushing through major milestones, getting back to extremely complacent and "bullish" sentiment indicators, bulldozing the shorts, myself included, and nearing the Santa Claus/New Year rally timeframe. Seems everyone is saying that there won't be any re-test until spring.

Looks like a good set-up for a Mid-Dec. top. Maybe a mild correction later this week or early next week, push to new high and we should see vix back in the 20-22 range, p/c back to .50.

From what I see, only the guys on the CFZ elliot board have had this pegged and their favored scenario sees a big decline starting late this year and into next. Most others see a huge rally starting after a "mild" consolidation.

Kudos to those who stayed with the trend during this rally.