Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Actually, my target for the Dow first leg down was already exceeded (it was 8143 see #msg-689476), my next target (not the end point which I still may take till late May, maybe as late as early July and is as low as 6000) is around 7500 (7490 nominal.)

As you can see I am always too optimistic as far as potential targets go, but the important thing is not so much to be exact with the forecast a priori of the turning points, but to try and keep out of the market during severe declines and in the market during ascents. Even though the target high of the ramp in early January exceeded my target by some 20 Naz points, and about a week early (as far as indices go, but sentiment indicators did indeed peak on 1/6), the "to the hills" call should have kept players out of the current decline, and that is the goal of such calls. All this for long players, shorts are of course enjoying this decline to the fullest (g).

Zeev