Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

Zeev, I agree that those indicators are still OK. No problems, however here is one that is not so good. Perhaps we have seen some distribution after all. If so, they have gotten damned good at masking it.

http://stockcharts.com/webcgi/Pnf.asp?S=$NASI&Y=U&B=150&N=A&C=2&T=on

The Nasdaq Summation index on a 150 point box. Interesting to note that once the 3 box reversal happens, it usually carries for a while. Nasdaq bullish percent needs another 0.74 for a reversal.

Seems to be slowly turning, but that said, I am looking for longs here. AMAT seems like a good choice. Will take it day by day.

GT