Replies to post #96027 on Zeev's Turnips Patch-No Politics (ZEEV)

[twilko]

Small hedge position in a partially owned Aussie gold firm. In the overall picture not much. They do have legal problems, but that too may be changing. At one time it was the African gold mine to have. It could do really well, but is carrying a lot of baggage on its way. Not trying to promote it.
Terry

[Babylon]

Zeev, is there any visibility for tomorrows market movement, even if blurry? Would you also like to take a shot at a close above or below 1350 on this coming Friday? TIA

[hk2]

Looks like News Lows dropped much more than New Highs on the ~1.9% drop.

Curious

[was Steve]

Update to medium and short term views. details of post to be included on thread header page.
steve

medium term view:Updated 4/10/03 Further downgrade to Bearish from neutral stance. Plan now calls for short positions and puts. longs and calls are allowed but only a much smaller percent of the account can be used for this.

Short term view: 4/10/03 Highs appear to be in by wed the 9th as forecasted. dow, spx and nas had marginally higher highs than on 3/21. ndx and sox didn't. Imo we essentially topped out 3/21 and this was an effort to get back there. we gapped up huge on monday and exceeded two of the targets momentarily before a wicked reversal. todays follow thru confims the updtrend is over. we could go sideways a bit, but i believe we are heading down. no targets for the downside yet.

nas topped out at 1430, 5 pts above the absolute max target
spx topped out at 903, 10 pts less than the absolut max target
dow i didnt have a target on cause i really dont trade it
ndx whimped out and didnt make the 1100-1110 range falling 7 pts short.