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


To: Zeev Hed who wrote (88604)6/30/2002 2:14:24 PM
From: john722  Read Replies (1) | Respond to of 99280
 
Interesting Factoid. If the S&P Breaks

923, it will break the lower Trendline that started at the 87 low through the 1990 and 1994 lows on that trendline.
It would cause a nice panic and probably a nice bounce back up to test that same break....



To: Zeev Hed who wrote (88604)6/30/2002 2:17:34 PM
From: john722  Respond to of 99280
 
Lawsuit Against Pop-Up Ads:

biz.yahoo.com

The Mothership might save the day yet.....



To: Zeev Hed who wrote (88604)6/30/2002 2:58:14 PM
From: fletchb  Read Replies (1) | Respond to of 99280
 
Zeev,

Thanks for the DOW targets. I don’t play them much but I think I have some JNJ in a ROTH IRA somewhere. One of my wife's picks BTW.

On some of your recent OB's that hit, are they going to be sold at the projected 1550 target, or is each going to be dealt with on an individual basis?

I guess I'm interested mostly in GENZ and if it was bought low enough to be a long term hold here IYTHO? Do you have a target exit on it if it’s just a trader? The reason I’m asking is I thought I saw that you would double up if it fell lower.

Too bad we couldn't get a real fear filled washout bottom. I guess we still could and it mostly depends on news. Lets hope we all make it through the 4th. OK and I would much rather have market news cause a decent tradable bottom, then some horrific terrorist event.

Much thanks,
Fletch



To: Zeev Hed who wrote (88604)7/6/2002 11:02:28 AM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
A little while ago (May, 11th -2002), in response to Mish's question on the Dow possible low (I have a target low for the year of 7500 to 8000), I gave a list (#reply-17455722) of the max expected hits for each Dow stock, I probably should have listed the then current prices, so I am reproducing this list with the then current prices, (the Dow was just around 10,000 then May 11th) as well as the target max hits (in parenthesis), I have now added the low (in square brackets) since then and the current price:

AA (- 11) $34.99, [$30.17], $33.38;
AXP (- 19) $41.50, [$34.53], $37.35;
T (- 4) $13.71, [$9.09], $10.19; Hit;
BA (-12) $43.63, [$41.45], $45.00;
CAT (- 7) $52.81, [$44.85], $48.24 Hit;
C (-12) $43.35 [$36.00], $39.55;
KO (-12) $56.36, [$52.95], $56.47;
DIS (- 4) $23.15 [$17.60], $18.90; Hit;
DD (-6) $45.40, [$41.75], $44.95;
EK (-10) $34.30, [$27.06], $29.17;
XOM (-5) $38.96, [$38.50] $40.52;
GE (-7) $30.65, [$26.90], $29.69;
GM (-15) $66.20, [$49.07], $51.69;Hit
HPQ (-8) $19.26,[$14.00], $16.30;
HON (-10) $37.85, [$33.36], $36.50;
HD (-7) $45.50, [$33.75], $36.73 Hit;
IBM (-25) $79.68, [$67.25], $73.50;
IP (-8) $42.81, [41.50], $43.90;
INTC (-5) $27.01, [$16.26], 19.54, Hit;
JNJ (-6) $61.85, [$50.26], $54.59, Hit;
MCD (-4) $29.40, [$27.08], $27.84;
MRK (-12) $55.81, [$46.55], $48.86;
MSFT(-10) $50.05, [$49.17], $54.85;
MMM (-16) $126.90, [$119.38], $129.87;
JPM (-10) $35.00, [$30.00], $32.59;
MO (-3) $54.90, [$40.35], $46.21 Hit;
PG (-10) $92.40, [$86.42] $89.88;
SBC (-6) $30.45, [$27.85], $31.70;
UTX (-10) $68.75, [$63.65], $67.90;
WMT (-10) $53.66, [$52.00], $56.00.

So far, eight of these have hit, T, CAT, DIS, GM, HD, INTC, JNJ and MO. And we are only at mid year and only seven weeks from the start.

Zeev