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

To: jjstingray who wrote (51053)	4/13/2002 9:42:59 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 99280

JJ: I have conflicting signals. I shorted the close on Friday with a 10% position as my model suggested Monday would be down. My plan this week is to fade either the down or up. Fade QQQs $34 + short and fade less than QQQ $33 long. My model says that this process should last all of this week before another leg down begins. My best guess is that we trend down early in the week followed from by a rally from slightly lower levels to above QQQ $34 by the end of the week. But my confidence level is not high due to some crosscurrents. So my plan takes into account both scenarios. As for BCOMP, you are preaching to the choir. QQQ $29 is a good bet over the next month IMO. But this is not news for me as I have been predicting new lows in the NDX in this time frame since December. As for June, who has any clue at this point. So much can happen between now and then. I don't understand the June discussion. We have problems on this thread ten days out and here we are talking about June.