Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

duper...

As I said, I may be wrong about the Gambit running out of gas - the Gambit is absolutely critical to Greenspan's efforts to reflate the economy and he will do whatever it takes to keep it going since he knows that if it fails here and the markets tank, the economy will rapidly turn back down and we will join Germany and France in a recession that will be very hard to recover from. I am just reacting to what I am seeing on the tape, and that is a whole lot of selling into a market that is making new highs all the way around.

Here are today's internals - note the A/D lines, the lack of new highs, and the light volume.

http://bigcharts.marketwatch.com/markets/

If I am wrong, it will not be the first time, nor the last -- I will lick my wounds (not severe due to close stops) and play it from there.

mlsoft