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

To: Zeev Hed who wrote (35870)	3/1/2002 6:42:15 PM
From: Mark Johnson	Respond to of 99280

<<I still think (until I change my mind) >> Now that should be your slogan.....could we change the name of this board to: "I Still Think Until I Change My Mind Thread".....more appropriate.... All those in favor say "Aye"......

To: Zeev Hed who wrote (35870)	3/1/2002 6:43:42 PM
From: TREND1	Read Replies (1) \| Respond to of 99280

zeev you wrote I still think (until I change my mind) that the worst case will be stopped around 1300 (I have a 1296 nominal figure as the potential bottom right now). question? What is your probability that you would assign the around 1300 statement above. Larry Dudash

To: Zeev Hed who wrote (35870)	3/1/2002 6:52:43 PM
From: Softechie	Read Replies (2) \| Respond to of 99280

Zeev, I think that 1800's could be setup is another overhead resistance. Here's my down channel: Upper line: 1/9 Open to 2/14 Open Lower line: 1/22 Close to 2/7 Close May be this channel is too aggressive but I don't think it could much higher.

To: Zeev Hed who wrote (35870)	3/1/2002 7:28:45 PM
From: HairBall	Respond to of 99280

Hi Zeev: Not only was the Sept 10th low (1669.94) a tag of the support line of the 1974 Rising Megaphone, it was a tag of the Oct98 Rising Support Line and just below was the 78.6% retrace level (1641.37) of the advance from the 1994 low. Right now I am concentrating on profiting from the Sept01 rally. I think we are in the next leg up. Back in late Aug01 and early Sept01 I had an upside target for the COMPX for this rally at the Nov99 gap-down, which is in the neighborhood of the Jan01 highs. That is quiet a ways from here. After the additional drop that followed 9/11, I am not sure it is still in the game plan. There are plenty of resistance levels and resistance trend lines along the way. The primary thing that keeps me targeting that level is my price/volume accumulation/distribution read prior to 9/11. If that is still correct, the market is going there...no matter what! And if right, the NYA should test its previous high with a good chance of setting a higher high. (This is even more likely for the Dow.) But first things first for the COMPX…the Jan02 high, the resistance line of the Mar00 Falling Megaphone and then the May01 high...gg If wrong, my stops will take me out and I'll have to rethink the near term. Regarding your decline targets, I’ll have to give decline targets some thought, as they may depend on where and when this current rally terminates. For now as I stated above, I am focusing on the long side since Sept01 with some flip flopping to advantage the shorter-term trends. Have a great weekend... Regards, LG

To: Zeev Hed who wrote (35870)	3/1/2002 7:48:25 PM
From: Justa Werkenstiff	Respond to of 99280

Zeev: Re: " I think that the 1600 (1638 or so) is the real support of the Naz (horizontal line) and that the late September breach of that line was an aberration." One problem with that line of thinking is that the NDX has already entered the 9/11 gap at its recent low. Re: " In the next major bear move, it is quite possible that that support at the low 1600 will be breached (I have that "potentiality" as soon as late June, and if post the spring rally we drop and hold, then we could have a breach in October.) I still think (until I change my mind) that the worst case will be stopped around 1300 (I have a 1296 nominal figure as the potential bottom right now)." A breach here and a breach there of supposed 1600 support does not add up to an "abberration" in my book and suggests 1600 was never "real" support after all.