Replies to post #87363 on Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

Overshooting is exactly what I'm expecting, but first, on the downside. There are too many people expecting a floor at $330, and, if they move it down to maybe $315-320, a lot of people will throw in the towel, creating some really good buying opportunities. Personally, I'm looking forward to buying more coins when it gets down there...

[Koikaze]

For those interested, I've added some material to the Zeev's Ideas Board (#board-1351) including a modest change to the road map.

Fred

[Bullwinkle]

Hello ZH,

I am only a novice chartist, but it appears as though gold may already be making its move? In edit, I see that about 1/3 of the way through last October is very reminiscent of todays action. Maybe a small downward move to get your $330 and off to the races?



Also I have a question concerning your new outlook for the Naz... Being as we are now through the 1st leg down of GN-03 and a new target price has been established at 1111, I was just curious why you feel we hit this low when we never took out the previous target of 1193-1220?

Is this 1111 number a worst case scenario number? I know anything is possible and there are so many geo-political factors at play here, but I can't help but wonder if your previous target of 1193-1220 is the bottom for this next go 'round (leg down #2).

As always you have my utmost respect and appreciation for your willingness to share market insight.

TIA & Happy Trading,
Bullwinkle