Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I think this is just the beginning. Three weeks ago, at the depth of the retest of the late March lows, the turnips became so bullish they had a signal as strong as that given 10 days after 9/11 in late September 2001, and the rally that followed, was momentous (thus in #msg-3070269 I started discussing the possibility of raising the target to 2500 for the Naz top). We are now almost 150 Naz points above and there has been very little deterioration in the sentiment indicators, I think we will print a new Naz high before people are going to start and believe this rally and that is just another 130 points from here. We even a nice little expansion in new highs. Strange, however that BPNDX did not move up today, maybe "gestation" time?