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Post# of 704019
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Zeev Hed

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Zeev Hed

Re: cannabis post# 319657

Sunday, 11/07/2004 10:43:41 PM

Sunday, November 07, 2004 10:43:41 PM

Post# of 704019
I am not sure what you means by "jack", but to me it means a sharp, though rapid retrenchment starting maybe even tomorrow or Tuesday. The futes are down a little but I think that by opening they may very well be back up, giving us a false breakout above the July highs on the Naz (and the March highs on the SPX). However, a retreat here should be bought, since I still think that my target of about 2275 on the Naz (see my August 6 targets for instance #msg-3751323) in January is quite achievable as a blow out top. My plan, reduce exposure a little over the next two days and step aside to see how far (if) a retreat develops.

AZH

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