Zeev's Turnips Patch-No Politics (ZEEV)

[JLSegal]

IBD gives the market 5 clear, higher volume distribution days before declaring a 'confirmed rally' dead. Yesterday was #5, officially nullifying the last major rally.
I don't recall what their exact 'formula' is to announce the market is 'officially' back in a rally mode ....but.... I think it is a move up of at least 2%, then follow through must occur (within a week) with a similar move to put us back in a 'confirmed rally'. In other words, if I have it right, yesterday's distribution put the market back at square 1, which I think they will call (in tomorrow's paper) 'market correction' mode. FWIW, IBD also stated that the market may be shifting to more liquid, higher quality stocks.