Zeev's Turnips Patch-No Politics (ZEEV)

[shoreco]

Zeev, On 01/08/2003 the Dow hit 8736.93 as a high...

The highest the Dow has been during this rally is yesterdays closing number of 10600.51 w/a print of 10600.74 as the dust settled @16:02:41...

I think we're headed for that high set back on 03/17/2002 of 10673.10...


This could happen Tuesday as they get set for the Presidents State of the Union address...

EOM
Shoreco

PS
February options have the least amount of puts I have seen since this rally started. They do go back up for March though...

Down for a few weeks??

Followed a rally to wipe out of the March puts??

Of course Bears would like to see a Delta hedge to the downside for a change, but we'll have to see how the balance of the earnings season goes before we even think of this train getting stopped...

March highs...

Dow = 11,000ish

SPX = 1175ish

COMPX 2300ish

This should be it until the fall (and even then it's way too early to guess that map), because I haven't heard anything so far in these earnings that even come close to justifying the exuberance (JNPR made 14mil and is looking for a flat qtr to make another 14mil...LOL...)...

And then we'll have that "tax rate" thing over-hanging us...