Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I have said for quite sometime now that the last leg of the bull will be led by the BTK, see #msg-2919505, #msg-2712943, #msg-2646141 and for instance from early March #msg-2503472. In Mid february I penned this #msg-2382664, suggesting that the decline will take the BTK to challenge $500, it bottomed at $501.80, and then make new highs (it just did today). On the SOX I had us going to the $460 area, and we got a little lower, to a close of $459. Not too bad.

We have not changed the upward trend , IMTO, but I love the angst I hear around here, now I am no longer in a china shop full of bulls, and that feels muh better. By the way, I have gone to bed with less than 5% cash, that tells you how bullish I really feel about this market.