Zeev's Turnips Patch-No Politics (ZEEV)

[Paul Shread]

Zeev,

Very interesting, and I agree with you in general. Would still like to see some 90% downside days; there's never been a four-year cycle low without them, going back to the 1930s. Are they that important an indicator of capitulation? Lowry's makes a good case for it, and I think the days where we were close but dip buyers came in makes me think people were too worried about missing the bottom.

I agree that 1550 looks like next strong resistance on the Nasdaq, but 950-970 SPX and ~9000 WLSH look even tougher. Perhaps the Nasdaq outperforms while the broader market treads water?

Paul