Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

NAS 2k, distribution, what next? It all happened as I theorized, although I didn't expect it to all happen in 6 hours. Was more expecting a few days or weeks. I find that December seasonally is chaotic and not very meaningful overall. The holidays are here, tax loss selling, low volume and interest. Today looked like a convincing key reversal day, see if it holds, wouldn't be surprised either way. Still a bubble, and it seems to me that one has to get beyond, Ridiculous, insane, to unbelievably crazy before these pop. I still think 2500-3000 is doable next year. But I'm going to take it one day at a time and let the charts and markets tell me when the bubble pops. Won't catch the very top that way, but won't call the top 5 times either. Happy trading all.

Posted by: OSPREY
In reply to: None
Date:12/3/2003 10:43:29 AM
Post #of 176525

The plan, NASDAQ > 2000? Some wild action this morning. A lot of really bogus premarket buys, one stock I follow closed yesterday at 7, someone gapped it up to 8 premarket.......on 200 shares. Saw this on some other heavily manipulated stocks as well. NASDAQ hit 1997 before "correcting." Pretty close to 2K, n'est pas?
SPECULATION. Given the fact that Wall Street is, "a vast white collar conspiracy". It could be that the WS crime family mob will try to power the NASDAQ over 2K. Shouldn't even be that hard, they are very close anyway. Then it is distribution time to retail. I have slight reasons detailed above to think this, but not having been inducted into the "family" am just guessing. We will see, I propose this as a theory, run the experiment and find out.