Zeev's Ideas

[Koikaze]

ZEEV, TECHNICALS - up to ZEEV:333142, 12/12/04

12/07: (331394) (*COMMENT*)

Zeev,

Today was a breakdown day for all 3 major indices.

Distribution count (major distribution in []):

NASDAQ: 5 ( [11/19], 11/23, 11/29, 11/30, [12/7]) S&P 500: 6 ( [11/19], 11/23, 11/29, 11/30, 12/2, [12/7]) DJIA: 6 ( [11/19], 11/23, 11/29, 11/30, 12/2, [12/7])

-David
(*END*)

Yes, but don't expect this retrench to go too far, maybe the low to mid 2000.



12/09: (332530) (*COMMENT*)

Watch the EPC, first time in a long time it went above .7, this correction does not have much more to go, switching to neutral and likely will done my bull horns by Friday next week. Accordingly, cash level reduced a little and now at 42%.



12/12: (333141) (*COMMENT*)
Z, do you follow "retail only buy to open" P/C? Essentially it deals with small (less than 10 contracts) buy to open transactions. Reported weakly by OCC. Very few follow it and I don't think it is manipulated (as opposed to odd lot short sales, for example).

Right now it is 0.35. In the last four years it was at this level twice: Dec 2000 and January 2004, in both cases it was the top.
(*END*)

Not following this, I do not have access to historical records like the EPC. Note that these are often "early warning" (my big bear call early in January, was about a week or two premature on that). The top in 2000 did not come till about February, we may have a repeat here, which is in concordance with my current map.