Zeev's Turnips Patch-No Politics (ZEEV)

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Zeev, I do not trade according to turnips; to be very frank, I use quite a few posters here as contrarian indicators. The problem with the turnips is that, IMHO, they are too eager to be counter-trend heroes. Either that, or something is lost in the translation from turnipian to hungarian to english. Turnip posts' emphasis was shifted to a bullish stand in the upper to middle 1200's (with a 1222 as max low, it was only logical to start loading at 1280) when NAZ was on its way down to 1100; then after the rally finally launched itself shortly after the turnips started to waiver in faith (no more bottom visible), their emphasis was shifted to pull-back and retest. We have been reading about a pull-back and retest ever since Friday October 11th, when the NAZ closed at 1210. I have been warning bears not to buy into those counter-trend forecasts ever since then. So long as so many bears cling to those pull-back dreams, it's not gonna happen. The current up trend has not shown any sign of weakening either on the stochastics or MACD; all those bearish noises we hear are just wishful thinking by trapped bears. Why fight the tape.