Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

The suggestion of a 100 to 200 Naz points retrace from around the 1950 area, id from long term oscillators, the short term oscillators , while approaching levels (only some) which will confirm such a retrench, have not gotten there yet, this week, particularly the end of the week will be critical in determining if that is in the cards or not. I am not waiting till the last minute however to take defensive posture and have already lowered exposure some, I might even lay out a minor defensive QQQ short toward the end of the week if the short term oscillators justify such a stance.