Zeev's Turnips Patch-No Politics (ZEEV)

[was Steve]

a few things i have learned over the years. never underestimate any rally or selloff as they can go way beyond reasonable limits. The other is to take things a little slower. 875 area will/should be tough. but then again i called 862 the great wall of china and we made it there on first try. we could easily hit 875 manana. if so i will get some puts for the retrace. if we dont go any hihgher tomorrow i would be looking for the retrace to stop around the same 840 area. my research shows a min of 23 spx points happens after a ramp like this.

a move above 900 and anything is possible as stated in ah. that would be extreeeeeeemly bullish. if we get there ill gladly go for the ride. i see a peak of sorts in about week and ahalf to two weeks our or approx the end of march. at this rate well be at 972 spx by then (ggg)
steve