Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

Oh boy, sorry to bug you again. Are you basically saying in this post that the worst you expect is that we might make marginal new lows on major indices, but not in this current move? For example, you could see marginal new lows 2 months out, but you basically expect that the 7/24 lows will stand as the pivot low and any move back down there will probably be a successful retest? I guess I am just trying to clear up what the time frame might be, and if you are saying significantly lower lows would surprise you.

"it is possible that we could see some slightly lower price lows in some of the major Indices, but my work suggest that 7/24 will stand as a momentum low.

What that means is, I am not expecting a next leg down with this consolidating pullback."