Replies to post #101844 on Zeev's Turnips Patch-No Politics (ZEEV)

[chainik]

<Not until I see how 1391 is handled>

Zeev, it seems that you are pretty confident that we will see 1391 (and maybe around 8000 on Dow). Why then do you suggest to cover MMM short? It is still declining on a stronger than average volume.

[traderman]

Would you expect a decent bounce at the 1425 level before continue to 1391 or do you think only an intrday bounce on way to 1391 as I am short PMCS I am looking to cover before the next decent bounce so that I could short it at high again.
Thanks,

[Justa Werkenstiff]

Zeev: I expect the market will figure how to take 1391 out in short order. I don't attach any significance to that number fwiw.