Replies to post #220754 on Zeev's Turnips Patch-No Politics (ZEEV)

[dave_s]

Zeev,

A number of my weekly charts have started to roll over for the first time since the start of the up move in October 2002.

Do you have a possible alternative read that the high in January was the high for this up move and any bounce may just be a retest of the January high? Similarly to the March 2003 retest of the October 2002 low.

Thanks in Advance,

Dave

[Doesnt Add Up]

Further evidence of a bubble of yr 2000 proportions.



D

[rich ruscio]

Zeev,

Thank you for the caution. I do agree.

My working plan of attack is to try to get out of my shorts this week - tough day trading Rydex stuff - and then wait for the next upturn. Isn't the week after triple witch 'always' down :-) ?

Meantime, I'm quite long in REIT's, energy, Asian currency stuff. That's been good.

Wish me luck, or just send Krugerrands ... :-)

rr

[Rick Storm]

Zeev, do you know how the change in Dow components will change the Dow? IE, the day the new stocks are added, how will that change the Dow"s calculation? thanks
IN EDIT: does the change in dow comp alter the 11k forecast?