Zeev's Turnips Patch-No Politics (ZEEV)

[peteman101]

I am shocked by how niave most traders are these days, after all we been through. Yesterday, every traders BB was making mention of the bullish doji star. Don't traders know by now every other trader noticed that same technical phenomena, and that maybe by some of these indicators becoming common knowledge they sort of negate their effect?

So what's happening now? We are NOT near the bottom. Soon, Zeev will capitulate, and provide a new roadmap (but he is as stubborn as they come). Now I know you're going to ask me where the bottom is? The bottom is when YOU stop looking for it. It won't be 1750, some major fib support, a fib% retrace of an ABC wave, or any other technical crap. It will happen when all the longs have puked and have to idea where the market is going. It's only then, we will bottom. Unfortunately, for the longs, we are no where near that.

My advise for those of you with dry powder: Don't buy anything until we have a trend change of a 3-4% move off whatever that bottom is with high volume. Only then you may have a tradeable bottom. Until then, it's chinese water torture for the COMP.