Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I am not sure what you means by "jack", but to me it means a sharp, though rapid retrenchment starting maybe even tomorrow or Tuesday. The futes are down a little but I think that by opening they may very well be back up, giving us a false breakout above the July highs on the Naz (and the March highs on the SPX). However, a retreat here should be bought, since I still think that my target of about 2275 on the Naz (see my August 6 targets for instance #msg-3751323) in January is quite achievable as a blow out top. My plan, reduce exposure a little over the next two days and step aside to see how far (if) a retreat develops.