Replies to post #87354 on Zeev's Turnips Patch-No Politics (ZEEV)

[Gizmo]

Is there any change on your on your short term outlook for a gold run to 360 and NEM 29-30? I, believing the correction in gold stocks was overdone am underwater a few percent on GLG, GFI, NEM, DROOY. Above water HMY.

Gizmo

[Duster]

Thanks for the update Zeev...do you still feel we will be at Naz 1260 by the end of the week or will the additional upside on Mon/Tues/Wed delay the swoon

[mike_m]

Re:<<This run should be over before mid day on Wednesday, all, of course, IMTO.>>

It is difficult to believe that a 14 week decline from the November highs was just resolved by a one week rise. That is asking an awful lot of faith.

That new market "leaders" aren't forthcoming may be problematic but can be resolved in time. That the market shows no punch while wary consumers fail to commit with so much international uncertainty is hardly surprising.

Your resolve is easily justified as you only stand to lose opportunity should the market surprise to the upside. Shorts should heed the last four letters of the above comment.

Those that suggest that bear markets don't end the way this one did are, at best, poor students of the market. Bear markets end when they do. Period.

Whether this one has or not will only be known in good time. The longer it takes for this market to reach new lows the more likely we have indeed seen the lows.

The only case for a new bull is the prospect for security and improved economic circumstances. That is a tough pull from the current milieu. It has been tough before.

[Babylon]

The new DOW target now becomes 5900 (100 points or so lower then the 1/25 position) by the nominal low on July 16th. The DOW HIT list pretty much remains the same though doesn't it?

[Babylon]

Ok Zeev, we've hit the high end of the originally forecasted (a bit more) 8250 target, and nearly 30 points or so above the newly adjusted Nas target of 1365/1370. In this post, it's mentioned a possible Wednesday turn, and here we are. Also noting the original 1/25 map, the rally should terminate around the 3/24 timeframe. If we turn convincingly within a week or so, it will look like another excellent call. If not, well, I don't know. I do know, without at least healthy pullbacks, down moves can be ferocious, and as you pointed out earlier a game of musical chairs.

[orkrious]

zeev, have you updated the turnips forecast since the post to which this responds? or is everything "out the window" because of the war?

tia

ork

[orkrious]

zeev, have you updated the turnips forecast since the post to which this responds? or is everything "out the window" because of the war?

tia

ork