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


To: Justa Werkenstiff who wrote (47230)4/4/2002 8:17:59 PM
From: ajtj99  Read Replies (3) | Respond to of 99280
 
Looking at the charts tonight, I believe that due to seasonal considerations and severe technical damage in the charts, we may not see any bullish moves over the next 6-months other than a bounce.

I now believe we stand a very good chance of taking out the Sept. lows by the end of June. I think COMP 1340 is the next level of support below the Sept. lows, if memory serves. We aren't supposed to get new lows in June.

That sounds crazy, but there is an incredible amount of weakness now. I think Zeev's 1296 could come into play in October.

In the meantime, we have Max Pain ready to lift us up off the lows here if we need help. We just don't know where those lows will be over the next day or two or three.