Zeev's Turnips Patch-No Politics (ZEEV)

[Fletch]

<<<<All technicals show this is still a BEAR MARKET RALLY, period and end of sentence........and we are right at KEY FAILURE POINTS.>>>>>

Hey West,
I tend to agree with you that this was a bear market rally but the meaning of a bear market has now changed in my mind. I'm of the opinion that most of the bubble has been worked off and we may be in a base building or trading range stage. Some stuff was really beaten down and still has up side. Do we retest the lows? I would like that myself but it's hard to say. Like Zeev says about 1500 "we must see how we get there".

Just looking at a three year chart of the biggest bubble, the NAZ, I think we may have seen the lows last October. At least until after the election is over with.

All IMVHO,
Fletch

PS To all fathers (of which I'm one) Happy Father's Day!

Towards the end, notice the bullish cup with handle look.