Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I am really just following the map laid out late last year, it has worked so far (though we have exceeded my top for 1/5). That map is the result of many parameters. Last week we had extremes in the P/C ratio, we had an extreme reading in the NYSE new highs and few others. Extremes are not the only factors, chart structure comes into play as well. For instance, we are barely 10 Naz points from one of the critical levels suggested last year (see for instance #msg-1565217, #msg-1670863 and many others).

In the meanwhile got back in NEM at $49.61 for the half bucker plus discount.