Zeev's Turnips Patch-No Politics (ZEEV)

[Cholan]

SOX at 280? Come now! What is going to do that? KLAC? TSM was the last nail. Everything is build in now. I am a bear but I cannot see this KLAC news being anything more than a buying opp. Dipsters out in full force. If there is a dip tomorrow, then it will be that "scary" swoon that Zev talked about.
INTC said "we just do not see any improvement in IT spending" in the near future; the stock promptly sold off in AH and then closed the day up almost 2. Similar scenario will be played out in KLAC.
I cannot see MM just taking the market down without more distribution. Just as I could not ignore lower lows in the last few weeks, I must recognize that we have higher highs and higher lows forming in all indexes.
No stopping till DOW 9100 atleast and Naz 1500.
Good luck Patrick