Zeev's Turnips Patch-No Politics (ZEEV)

[Justa Werkenstiff]

C: re: " J, looks like Z has changed his mind."

Not sure about that. Maybe he is waiting for some more pieces to fall into place. I would like to see some things develop too. But it may not happen. We will see.

re: "We are overbought big time."

On a weekly and daily basis on price alone, we are as overbought now as at the January top. I have not had weekly readings such as the one registered on Friday since January 16, 2004. That, of course, was an intermediate term top.

Re: "Reminds me spring/early summer 03."

On a weekly basis since March, 2003 and prior to January 2004, I have only once had price indicators this overbought once and that was on September 18, 2003. And that lead to a 104 NDX point drop that bottomed at the end of September, 2003.