Replies to post #41165 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I still have 1222.22 as the target of a retrenchment, and since it is now more that 100 Naz points, the teddy is dropped from the "bear" qualifier. That said, one branch of the model suggests looking very carefully at three levels for at least intermediate bounces, 1347, 1301 and 1279, and if during a retrenchment to any of these levels, major bearishness sentiments develop, they could signal a resumption of the major cyclical bull move we are in(even a fall to 1222.22 will not negate the cyclical bull, should add). Right here, I see the upside potential (1388/1425) as too small to make major commitments, and my on cash target will be (on closing) between 45% to 65% (right now at 56%).

Zeev

[Zeev Hed]

I would put the grizzly on a fed cut if it is more than the .25%, frankly, I still hold despite all pundits saying otherwise that the Fed's will hold steady. I delineated in another post other conditions for putting a "grizzly" on. Not a very likely scenario, mind you, since I am still in the camp calling this market a cyclical bull.

Zeev