Replies to post #181457 on Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

Mind you, the plan has not changed much, a slight increase of the target and because of the news, a possible advance in the schedule.

Yes, Zeev, I read your posts last week and saw that you made a point of mentioning that this could happen.

So, no dip below 1900 for the rest of the month and an increase in the January target, unless some extremes come to the fore tomorrow?

I am sure that even the best TA method that could theoretically be devised cannot take into account momentous events that cause local dislocations, and sometimes even acceleration of existing patterns.

I have to agree with you there.

[Justa Werkenstiff]

Z: "Of course, if we start and get equity P/C ratio under .4 (and other extremes), that will be an extreme which will force, once more a much more conservative posture."

In other words, 1955 might be important anymore because the conditions will have changed. Glad I focus on conditions as opposed to numerical levels.

[Alexander]

Zeev

On Friday I felt that there was a higher probability that we would see first 1850 then 2000+. Although saddam could have a positive effect in the early hours, I remain doubtful that his capture is such a positive outcome. He lived in hole and one has to wonder what kind of leadership he still enjoyed. I think many will perceive this as a little morale boost, but that doesn't solve all the internal problems the US is facing in Irak.

Alexander

[phronimos]

Would a close above 1955 today or tomorrow (unlikely as it may be) still negate the expected swoon below 1900 next week?