Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

That will match the late March bottom, quite possible, but I have already seen a lot of fear so far. Anything here could ignite a very substantial initial rally. Because of the much better "quality" of the low we are getting here (relative to the low late in March), any changes to the map, will actually call for extending the bullish phase possibly to the end of the year and early January 2005. I don't have yet a "new map", but it will probably show a less robust start to the rally (except the first phase which should easily get us to the 2040/80 area), but possibly a much longer life. Particularly if the first explosive phase will not be associated with too rapid a return of bullish sentiments. Quite possibly, "the powers" are so adept at the game that the timing might very well be a very robust market smack into the elections.