Replies to post #308905 on Zeev's Turnips Patch-No Politics (ZEEV)

[cannabis]

10/19 is day after IBM earnings,no.That could provide top OR bottom.<g>

[JimQuinceH]

<<could 10/19 be a low>>

Zeev, It could be, that is why I call them "Change of Direction Points" (ever since 12/10/03, when I had a high and you had a "local low" and you were correct) but at least in the Semi-Conductor stocks, they look higher to me.

Jim

[profit_guy]

zeev, it is my feeling that we run hard for at least two weeks after oct 15th +/- 2 days...if we do not run this time from the 15th (which i define as the peak of earnings season), then that will make it 6 STRAIGHT quarters that we have sold off after that date...i just don't see it happening again, esp into the election...besides, i believe the mkt "knows" who will win the election, and the mkt wants bush, and will rally accordingly

...plus the fact that INTC and YHOO were well received...i believe that we test the highs of the year on the QQQ of 39 by the election, and stay within this range bound mkt awhile longer...then perhaps we can reassess for a bigger breakout as per your call

...plus there seems to be money coming out of commodities in the short term here