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

To: Nancy who wrote (64315)	5/8/2002 9:16:56 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

The structure of the moves from the December 29th "forecast" has more or less stayed intact so far, but yes, the level were reduced, that happens already in February, when we got a much deeper correction than I originally anticipated. One could possibly put the blame on the ME situation and possibly also on the much more rapid "acceptance" of the double dip scenario. I did not expect the market to "sense" a double dip until about now, but Roach made it the public religion (g). I don't know how low the coming nassacre will get us to, but until we actually get real capitulation, the rallies will be "false" IMTO, so wait for that string of -1000 or more tick and more than 400 new lows on the Naz. My current guess is about 300 to 350 Naz points from the next top. If the next top is indeed 1733, then we are talking about 1400, give or take 50 Naz points. Zeev