Replies to post #141845 on Zeev's Turnips Patch-No Politics (ZEEV)

[extelecom]

Zeev, If we get another "G&C" like yesterdays, that 1771 could be a reality today!<G>

[Justa Werkenstiff]

Interesting. Do you mean down for the week overall or down from here to a higher low for the week?

[Babylon]

Zeev, if it breaks above the 1771 level, or even makes yet another 52-week high just above the 1776.10 level this month and/or in September, would your Turnips still be expecting a sharp decline to the 1400 vicinity (or at the very least the 1640 area this September or October)? I haven't heard any mention of an alternate plan if that were to happen, so I thought I would ask...TIA

[lostalot]

Zeev: In reference to your 8/19 statement "the autumn decline ( into the 1400?) is in the card with the way 1640 is handled in the next three weeks or so."

I seriously doubt that that 1640 will be broken in the next swoon down. This coming Sept./Oct may be different from the historical norm since virtually everybody pro and J6P are expecting down on Sept./Oct. and the market has and will surprise such an overwhelm view. The only danger will be coming 9/11 anniversary and will have a short term swoon down totally due to memory and fear of 9/11/01. It will take at least one decade or more to heal that wound.