Replies to post #36700 on Zeev's Turnips Patch-No Politics (ZEEV)

[zhina]

Zeev, what do you think ? DOW will go up? after MMM, as there is strong reistance at 8400? And you also expect some retrace for 2-3 days ..

[chainik]

<chainik, your post (#msg-525261) came up in a discussion, did you short MMM at $120? We are almost half way to my target and if next week's report is good, they could use MMM for the regular "bump the Dow" exercise above $130, that will send a bunch of bears for cover as new highs are printed.
Zeev>

Zeev, sorry for slow reply (I am taking vacation from trading). I covered my MMM short at 113. Right now I have no positions (except gold). I hope that the market goes higher to reshort. I am not comfortable to short now - although I strongly suspect that in the intermediate/long term MMM at 127 is an excellent short.