Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

Zeev,

Imho, without expiry tape painting, next week is the critical test of how far this rally goes. If we are going to have a "severe" retrenchment, it will be between here and the 29th, after which there will be some month end fund manipulation. I have two questions: how much more likely is a slide to 1308 vs. a slide to 1260ish? Will a slide to 1260 make the scenario for Sept-Nov more or less bullish?

Thanks, Zeev.