Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

We probably start down and probably will create a good intraday buying opportunity in the 10:30/11:30 window (I would guess from 1275 plus/minus 5 on the Naz), but after the lunch ramp, I fear we continue back down and go red, not in a big way though, I would guess 15 to 20 Naz points. I think we had the bump I expected from 1263 (I mentioned yesterday that the move would be 1275 to 1312, we got 1315, and I believe the turnips already apologized for their failings) and now 1263 will be less of an obstacle to additional declines but I don expect anything sharply down until later this month when we are "supposed" to reach the 1197/1223 range as suggested here: #msg-708849, about three weeks ago.

Zeev