To: MikeM54321 who wrote (5449 ) 8/11/1998 9:24:00 PM From: Zeev Hed Read Replies (2) | Respond to
Mike, the turnips are publicly apologizing for their timing. The current minimelt was not supposed to arrived at the earliest until September and at the latest early October. At least they called the timing of the rally leading to this minimelt on the nose (they had June 15 to June 23 as the last bottom) and delivered the triple new highs on the DOW, S&P and NAZ. So, what have the turnips done for you lately? Well the most recent short term forecast is a battle on our own Maginot line at 8250/8350, as the turnips forecasted earlier this year. However, now, the turnips believe that 8250 could be breached, late this fall (not all the turnips are on this call). In the short term, however, the excessive pessimism as indicated by a tick that reached -1650 or so and a put call ratio balooning to 10, they say we are going to get a solid bounce, before we breach 8250.
