Replies to post #92044 on Zeev's Turnips Patch-No Politics (ZEEV)

[Tenchu]

Zeev, <My guess is that next week we continue down and finally take out that 1370 area for good and possibly 1330 as well.>

You probably don't need the Turnips to tell you that. In an environment where war is lasting longer than most people had hoped, and where anticipation of earnings will be weak, I don't see any upside possibility next week.

Unless, of course, Saddam decided to throw in the towel all of a sudden.

Tenchu

P.S. - I am very short right now, but I would be more than happy to cover my shorts at the first sign of an early victory.

[Ace Hanlon]

Zeev:

Apparently the commercials COTs now are net long the S&P 500 for the first time since mid-2000. Do the turnips use the COT numbers at all?