Zeev's Turnips Patch-No Politics (ZEEV)

[shoreco]

>> amazing how stocks march their way up over days or weeks and can give it all back in one or two sessions <<

It works both ways, but that formula usually coincides with "accumulation"....

Grindupgrindupgrindup, and then the fast re-set...

In a longer time frame look at the Nasdaq from the 2nd week of January until now, we did 9 weeks of grinding down and then 2 weeks to take back 7 of those down weeks...

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[r,a]waclyyay[pb10!b20!b35!b50!b100!b200!c200][...

IMO this is distribution of the tech sector and while individule stocks will out-perform or go against the flow, I think the market has seen it's better days...

This doesn't mean we can't tag new highs, I'm just saying if you're a "long term" investor now is not the time to be buying stocks...

JMO of course...