Zeev's Turnips Patch-No Politics (ZEEV)

[plexxus]

MBP the bullish divergences under the recent price lows in many of the key groups such as the semi's etc lead me to believe that pullbacks will be shallow. If you take a look at the Comp chart that last pullback to the 50 SMA was seen by a sharp dry up per volume in the sellers. IMO the bulls are now seizing on that shallow pullback. If we do get a quick sharp dip I think that will be a shakeout move...nothing more.

Note the recent volume trends here...

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[h,a]dhcayiay[dc][pb50!b200!f][vc60]<i[J3675....