Zeev's Turnips Patch-No Politics (ZEEV)

[lemming]

Zeev,

The NASDAQ had breakdown on 2/4/04, defined as 4 distribution days followed by a major distribution day (1%+ decline on rising volume), all within a 15 day window. Typically successful rallies follow through (1%+ gain on rising volume) on days 4-7 of a rally attempt. We are currently on day 17, indicating either a weak or unsustainable rally.

It would sure be move convincing, though, to see the Dow and/or S&P 500 roll over, too.

As always, thanks for all your insight.

-David