Zeev's Turnips Patch-No Politics (ZEEV)

[DlphcOracl]

Rayman: Why are you anxious to buy a possible gap down tomorrow when the market is consistently taking out every support level in short (no pun intended) order? With Dow and S&P taking out most recent supports, next support levels are Dow 7400 and S&P 780 and there is no guarantee that they will hold. Nasdaq took out 1280-1290 support intraday and next support is at 1200-1220. Remember: despite the fact that technicals are very oversold, all collapses and one-day meltdowns arise from oversold conditions.