Zeev's Turnips Patch-No Politics (ZEEV)

[JimQuinceH]

<<Do you consider today's low a possible price low>>

Rick, No I don't, Monday the market had it's Momentum Low, we may get a rally for a day or two, but I'd look for another dump, into late next week, that will probably take the major averages to a lower low, while the momentum oscillators go to a higher low, giving us a RISING BOTTOMS pattern, on the momentum oscillators.
The public will be selling with both hands, and when the market turns up, they won't be able to buy because they will be afraid of another dump, (that won't happen)and instead sit on their hands.
I wouldn't be surprised to see a 1000 point rally in the Dow Jomes Industrial Aversge, from late next week into mid-June (June 17th is my date).
After a couple of weeks of rally, the public will (again) start to buy, just before we get to the next top. After all, doesn't the public allways sell at the bottom, and buy at the top?

Jim