Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I don't think that 1315 is particularly "holy", I would tend to reconfirm the original bounce from 1263 bounded by the main "line in the sand in the 1321/35 area as suggested about two weeks ago here #msg-733246. We hit the 1263 plus about two I believe and over the weekend activities of foreign markets might create a gap up on Tuesday getting us into that barrier. I am not counting on it, and that is why I went to bed with 76% cash. The important part of the model is that by the end of the month we should be testing the 1197/1223 as per the 1/25 map (#msg-708849) and that is too dangerous to be exposed to on the long side, IMTO. I am actually surprised that the bu$$ did not close much higher than my last sell, CCMP actually closed below my last sell.

Zeev