Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

A-M-S, you're right, I've been reading charts for about 13-months now. I have to give a ton of credit to LG for my early education in charts, as he's a master at charts and interpreting them.

Zeev was an incredible help also, as I learned about Tick, TRINQ, TRIN, GNT's, put/call, new highs, new lows, Fib's, and stuff like that from him.

Do not underestimate the knowledge these two people bring to the table. They both have different approaches to the market, but in the end they both end up making money, and that's what's important. However, we all have to do our own DD and be responsible for our own decisions. As such, diversified asset allocations and stops are incredibly important.

One contention some of us have been making is that this market is going to correct to historic norms of valuation, and that certain chart patterns are in play. Those patterns are now what is driving the market to these lows, IMO.

Remember, Zeev's first rule of trading is preservation of capital. If you don't make that priority #1, you stand to lose everything in this market.

As for the CEO's and what they've got coming to them, I think jail time and stipping their assets would be nice. In the end, they only did what Barnum and Bailey said they would be able to do.

My mantra - If something seems too good to be true, often times it is. That's the bubble in a nutshell.