Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike M who wrote (29113)	2/10/2002 11:19:58 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

Mike, it is the same scenario (yet) that I outlined at the end of last year with some modifications of the targets. Right now, I have a mini rally to about 1860/80, then a run down to 1720 (much deeper than I thought in December, got to make those mid course corrections), then a spring rally with a potential double top in April and May before a decline into June 28 (give or take few days) to the 1638 or so area (poassible overshoot of 1580?). Retest of the September 2001 lows could occur later, depending on whether or not we are going to go after Iraq, position of the feds etc, still as per the scenario laid out Dec 29, 01. Originally I had 2250 for the April/May double top with possible excursion to 2388, but now, I am less sure of that, initial target has been lowered to the target high I had (and we did not reach) in January, namely, 2123 and more probably 2160. Depending how we get to the low 1700 later this month or early March, I'll readjust the target highs for the spring double top. Zeev