Replies to post #66076 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

And here took off EXPE at $65.85 for another $.72, making EXPE, again, a daily double bucker, not bad considering what the market is delivering.

One win some, one loses some, AJ market sense is pretty good.

Zeev

[ajtj99]

George, I believe I was saying we were testing 1522. Specifically, I believe I said we were testing the 1468-1470 area first, then the 1522 area.

The 1468-1470 area test was based upon a volume observation when we first closed above 1430 COMP.

We stopped at 1467 and change, so the bounce was repelled by the first area.

As for today, we've breached all but one uptrend line off the lows, and that last one's about where we stopped the drop today. If we go below that, it's a test of the Dec. 31 lows.

The only question in my mind right now is how high we bounce before we drop to test the Dec. 31 lows. Ideally, I'd like to see a back-test of the rising SRL Line we breached today that's currently around the NDX 1060 level. That may be a bit much. Filling the gap at 1057 NDX would be the other target for a rise.

[ajtj99]

Here from Jan. 10th:

http://www.investorshub.com/boards/read_msg.asp?message_id=669131

However, I was off on the 1468 range being the first of two tests in this post from the 13th:

http://www.investorshub.com/boards/read_msg.asp?message_id=674760

[ajtj99]

I'm not sure it was a debate. Zeev had 1430 as the RFTH, then 1447. I was looking for 1468-1470, then 1522. I'd have to say we split the difference there.

Basically what it comes down to is a .50, .618, .764, or 100% re-trace of the drop from 1522-1327.

[ajtj99]

More on the range from Jan. 7:

http://www.investorshub.com/boards/read_msg.asp?message_id=661004

http://www.investorshub.com/boards/read_msg.asp?message_id=660944

Notice how this chart shows exactly where we've stopped today:

http://www.investorshub.com/boards/read_msg.asp?message_id=660851

That's a critical line in the sand for the uptrend off the Dec. 31 lows.

[sylvester80]

Ahem... since you are keeping track of what was said (BTW, some of those messages were in response to messages that had targets of 1500s or 1600s):

Dec 16, 2002 - "we'll be happy if we reach the mid to high 1400s"
http://www.investorshub.com/boards/read_msg.asp?message_id=626926

Dec 20, 2002 - "have us bouncing up a bit but no more than mid to high 1400s."
http://www.investorshub.com/boards/read_msg.asp?message_id=632938

Dec 26, 2002 - "I still can't see how we are going to get much over the mid to high 1400s"
http://www.investorshub.com/boards/read_msg.asp?message_id=639621

Jan 2, 2003 - "I will have to see how we handle the 1420s first but my original target was no more than the mid to high 1400s."
http://www.investorshub.com/boards/read_msg.asp?message_id=648688

Jan 12, 2003 - "I still don't have more than mid to high 1400s."
http://www.investorshub.com/boards/read_msg.asp?message_id=672777

PS. I must say... a very consistent message... I even surprised myself... :)