Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

Zeev...

My overall target for this rally has long been 1385-1405 with a max overshoot of around 1450. I had serious doubts about it even making it to 1400, but with a little help from its friends, it could make it there and more. You have to wonder when on bad economic news, the dollar jumps sharply up, gold gets whacked, and the market rallies strongly even though it is already sharply overboght. They are getting pretty obvious here, and this seems to be beyond what I understood to be their mission - to stabilize the markets. Perhaps JPM, C, BAC, etc. were all closer to meltdown than was thought.

I dunno, but it sure makes it difficult to trade the market.

mlsoft