Replies to post #1963 on Zeev's Turnips Patch-No Politics (ZEEV)

[marvin1946]

Hi Zev,
What has to happen for this to be a final bottom, or is that an impossibility from your perspective? marvin

[kevinb]

Zeev,

is that 70% cash or 70% equities ?

Kevin

[findit]

ZEEV would you mind if I copy your post to the SI board? I think it is an important recap of where you stand as of today.

Thanks.

Findit

>>I am not bailing, in essence I have taken the horns off, but not donned any bear suit. That is a loss of 57 Naz points (I put the horns on at 1403 after the close July 1st). I am at 30% cash and my strategy is to allow cash to frow via selective sales of some positions either through stops or sometimes for other reasons. That does not mean that I will not play the lunch tactics, but most likely will close such positions before 2:00PM. I think that we are within 50 to 100 Naz points from a bottom. If we develop real capitulation, then the bounce could be of the 30% type, if we have a repeat of the February adventure, I think the bounce will be stopped under the major resistance at 1550.

Zeev<<

[jrintl]

<50-100 pts from a bottom> Woa, is this a change from looking for a bounce from 1326-1336 (could have started?)??

[Brian Atkins]

We turned at almost exactly 1326.. even when the Turnips are bad, they're good :-/

[chb]

It looks like the VIX is starting to blow a hole in the roof ...

>>I think that we are within 50 to 100 Naz points from a bottom.<<