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

To: Stockdoctor who wrote (75097)	6/5/2002 9:57:03 PM
From: augieboo	Read Replies (2) \| Respond to of 99280

Zeev's NASDAQ prognosis, updated Tuesday, June 4 Phase Two of the Nassacre is moving right along 1. How Deep? The Turnips say the next trough will bottom at 1519, +/-10, i.e., NASDAQ 1509 – 1529. 2. When? The Turnips say the trough will be reached on Wednesday, June 12, at approximately 10:30 a.m., EST. Post June 12 Bounce 1. Following the low the morning of Wednesday, June 12, the NAS should bounce between 45 and 65 Naz points, (Zeev has a nominal target/top for the bounce of 1574-1584. 2. The bounce should last until the following Tuesday, (June 18), at the latest. Final Decline Final Decline to sub 1400/1450 area by June 28 +/- two trading days, i.e., June 26 to July 2. (Note: The Turnips think that one possible catalyst for the final sell-off of the Nassacre might be a disappointing semi BTB of about 1.12.) IMPORTANT NOTE: There is a possible, (but not probable), second scenario in play here: IF the NASDAQ tick count reaches -1000 for at least three of the following four days – * Friday, June 7 * Monday, June 10 * Tuesday, June 11 * Wednesday, June 12 (morning) THEN this coming Leg Two could be the last leg of the Nassacre. IF this alternate scenario were to occur, the Turnips predict the final Nassacre bottom would be 1439. NOTE: Zeev says there is only an “outside” chance of this second scenario playing out. ----------------------------------------------------------- What do the Turnips see beyond the Nassacre? * Short, but “possibly violent” rally/up-move, starting around 6/28. * Stagnation and a trading range during most of the summer. * In September, the Turnips see a possible retest of the June bottom. Right now they seem to think that the June bottom will survive this test. * At the moment, the Turnips foresee a very strong fourth quarter, but that can easily change.