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


To: TREND1 who wrote (51465)4/15/2002 8:51:38 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
Larry, actually the bottom of the box ia 1696, and if we get even close to it, it is dangerous, as I mentioned in #reply-17326090, a good test occurs when you only approach the bottom of the box, I think we did last week when we hit 1724 or so. We could still have a G&C tomorrow , but if the G takes us strongly above 1770, I think that the 1757/70 will serve as a floor to any subsequent pre lunch "C". You may actually get another buy signal from Hal by the beginning of next week. With the Fed model only ar around 3% overvalued, this should be good for what three to five weeks uptrend?

By the way, I have already "called" for a turn last week #reply-17315219 and #reply-17322328 (a little prematurely at 1733, we did drop intrady another 8/9 from there).

Zeev