Zeev's Turnips Patch-No Politics (ZEEV)

[was Steve]

<Most likely, within the next two weeks I will raise my top target for the year to around 2500 from the extreme I had before at 2390 (that was until now not "very likely" and just a possible excursion, now that number is "in" and the above 2500 takes the "excursion spot).


getting past the years early highs will be a big achievement for the nas imo. it pretty much needs to make a move up next week or it is heading down. initially this year i had multi year highs in july/august and higher than the january highs, but have taken it off the table unless 1500 ndx is hit next week plus a day or two.

even if the 1500 level is taken, it is still about impossible for me to imagine a rally to the 2390-2500 nas levels you are looking for (sorry for speaking in nas and ndx, but ndx is my world while the nas is yours). the turnips have done quite well for some time, but i think their time has come for a bad stretch later this year if they keep looking up.