Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Crimson Ghost who wrote (71529)	5/25/2002 8:37:17 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

I think that the turnips always have an optimistic bearing, namely, the level of tops forecasted are often too high (except the November top which was too low), and bottoms, not low enough. During last summer, I expected the drop to be stopped around 1600, we went much lower. Last spring, the forecast was for a double bottom ending around March 12th or so, and it took until March 22 for the dow and April 3 for the naz to bottom. The year before, I had the first leg ending May 18th, but it too another week or so before we hit bottom. These are the "forecasts, but the real bottom (fully loaded calls) , where not too bad. In #reply-16967797, I tried to summarize the successes and failures of the turnips in the last 18 months or so. Judge for yourself their "failings". I think that their most useful service (for longs, not for dark siders) is keeping me out of the market during major declines, after all, their job is capital preservation, not optimization of returns. Zeev