Replies to post #68576 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Many people have asked for a new "Dow Hit" list for 2003 here it is, the first number is the target that I expect will be reached or exceeded in the next 10 months (end of October 03) and the two numbers in brackets (...) are respectively the recent (about two weeks) high and last Friday's price (not necessarily the open, since I really started this analysis last weekend).

Last year fully 90% reached the targets set in May and two were within a buck or so, do not expect that kind of a hit rate this year, a 50% success will be more than "satisfactory...)

AA $16 ($23-$21.5)
AXP $24 ($39-$36)
T $15 ($29.5-$26.5)
BA $25.5 ($34.5-$32)
CAT $35.5 ($48.5-$45)

C $30 ($38.9-$37)
KO $21 ($46-$44), this one is a tough one, the $41.5 must be breached if such a deep decline is to develop)
DIS $12.5 (18.5-$17.5)
DD $31.5 ($45-$40)
EK $26 ($41-$33)

XOM $28 ($38.5-$33)
GE $19 ($28-$25)
GM $30 ($41-$39)
HPQ $14.5 ($21-$19)
HD $13.5 ($23-$22)

HON $19 ($27-$25)
IBM $43 ($89-$80)
IP $32 ($38.5-$37)
INTC $11 ($18-$16.5)
JNJ $47 ($57.5-$55)

MCD $10 ($17-$14.5)
MRK $44 ($60-$55)
MSFT $19 ($28.5-$26) (post split numbers)
MMM $85 ($129-$128) This one like KO, we need to see first a breach of $108, before such a deep retrenchment occurs.
JPM $14 ($28-$25)

MO $35 ($42-$39.5)
PG $65 ($88-$87)
SBC $18 ($31.5-$27.5)
UTX $59.5 ($66.5-$65)
WMT $37 ($52-$48.5).


Zeev

[Ace Hanlon]

Zeev:

Asia looks quite weak so far. Not a good omen for US markets tomorrow.

[rydex]

>>It makes a lot of sense, but it is not going to be a powerful bounce, and I think we first breach 1327 on the Naz, then an anemic bounce maybe all the way to the 1357/77 area depending how far under 1327 we go. We have had a long string of losing days, such is often interrupted with a one o two day bounce relieving the oversold position.

Zeev

>>


Zeev,

first of all , thanks for all your good call.

Does it mean that the further we break 1327, the higher NaZ
bouce ?

thanks,

Mike