Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

You need some real mettle to keep your conviction with a day like today, but I don't disagree with you short term looks week. The new lows actually had a major bump (14 from an average of 8 to 10 in the last few weeks), but not enough to turn the medium term negative yet (we need expansion to around 40 to 50 new lows or so). If you are right and we are going to get very weak in July (and August) the medium term (6 to 12 weeks) may turn negative as well. Got to see how this thing evolves here....

Zeev