Zeev's Turnips Patch-No Politics (ZEEV)

[Bearmove]

from Favors Weds report -

A decline below those same levels tomorrow should signal that a
still stronger decline is coming this week. Any decline below 7967.82 on a
print basis and 7950.35 intraday on the Dow tomorrow will turn our Gann
Daily Trendline back down, which will signal another test of 7917 on a
print basis and 7884 intraday.
We are still in the time frame for some sort of low, according to the
Cycles. There is no convincing evidence just yet that we have seen that
low.
No matter what the Dow does tomorrow, we are going to hold off taking
any new long positions, that is, we will remain at 70% cash. We want to
see more convincing evidence that a low has indeed been seen before we
start raising current long positions.
We did go long the QQQ's today, on the rise above 24.80. Our stop and
reverse for the QQQ's is 23.82. This means if 23.82 is broken we will sell
longs and go short with a new stop and reserve of 24.87