Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

itsallover...

The entry into the market by the PPT on the 24th was extremely predictable - even I predicted it the night before. We were on the verge of a real meltdown with a focus on the money center banks, and that could not be allowed to happen if there was any way to prevent it. It was one of only two times that I felt that PPT intervention was probably justified.

You are more optimistic than I on the markets. I think we are in a downtrend that will lead us to at least a test of the July lows, with a high probability that after a short bounce a new downleg to new lows will occur. I would be surprised if the current rally last past Monday.

Just my opinion, though, and always subject to change.

mlsoft