Zeev's Turnips Patch-No Politics (ZEEV)

[lostalot]

Zeev: Will very high up/down vol like 6/1 today be a good indication of accumulation instead of "I view this as another distribution exercise"?

All bears in this thread have asked you when you will replace your "teddy bear" by "grizzly bear suit". On the contrary, my question to you is when you will take your "teddy bear" suit to dry cleaning and shelf it for "winter hybernation", another 1-2 week up and backfilling?

I think next Wed Fed FOMC meeting is very critical whether this rally will have more fuel. I expect 1/4 pt cut and market will sell off slightly and temporarily because we rally toward FOMC meeting. NAZ 1279 will hold.

The past 3 weeks rally appears to me like a 2 step up and 1 step down instead of 1 step up and 2 steps down.