Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

My target low for the year is still around 1400, and quite probably lower. Of course, the fact that early January did not yield the expected exuberance, will delay the onset, and unless the next move up really shows some major excesses, all we may have is a range bound market between the August lows (1750) and the February highs (still expect 2200 plus), still a wild range mind you. Which part of the wave, and of which cycle, I know not.