Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

To go "grizzly" (namely more than a 300 point swoon down on the Naz) I'll need few things to happen, I can't describe them because they are reflected in their influence on a regression set of equation I use, but I can tell you few "elements", the P/C (equities only) going under .45, taking out 1425 on the Naz without new highs on Naz exceeding 120, the Vix spiking intraday under 30, the SOX percentage of issues above their 10 DMA going to the 97/98 range are few of these. Some of these are close, but no cigar. The tic/trin relationship on the Naz for instance, is still in the healthy column (it is not for the NYSE).

Zeev