Zeev's Turnips Patch-No Politics (ZEEV)

[Justa Werkenstiff]

Augie: Re: "cyclical bull move is starting." If it started, why can't one say it started in July 2002 and we are in the later stages or finishing it? I just put that forth as an idea. Four week moving average on Investors Intelligence is 70.70% as bulls as a percentage of bulls plus bears --- this is very frothy and I don't recall such an event even in bull markets. I agree -- vix and vxn are bottoming. Vxn had bullish formation on daily yesterday and it is green as I write fwiw. But prices have yet to care. Congratulations on being flat.