Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

punkle...

I have been taking a vacation from the markets while they are relatively trendless. I have not taken a vacation for almost three years and this looked like a good time. Over the past month or so I have moved most of my positions toward some core short positions (slowly adding to them) and added to my gold positions so that I do not have to spend all my time watching the markets and just have to adjust stops from time to time.

To tell the truth, it has been rather enjoyable and I haven't missed trading and trying to figure what AG is able or not able to do every day. I think this could be one of the better opportunities to do a series of swing trades on the short side that we will see, and if I am wrong the stops will prevent any serious losses - a number of initial positions have already been stopped out for small losses, but for many I was able to reposition at better prices.

I have seen nothing to make me think that AG has lost control as of yet, but the late decline on heavier volume today was very much a danger signal for him. If he is able to stem the selling and the volume dries up, I will probably take what profits I have and look to reposition, but if the downside volume continues to increase we could get a significant downside move here. Although the down move is what I am looking for, if it does not have conviction and a touch of fear I think AG will be able to halt it as he has all the others - that is why I would be inclined to take profits rather than ride in such a situation.

Good luck to you.

mlsoft