Zeev's Turnips Patch-No Politics (ZEEV)

[leon]

zeev, i'm sure you have this data but maybe some of the others here may find this of some interest and assist in drawing their own conclusions. the following compares a few indicators as recorded at the 8/22 high and as of 11/1 in that order: vix 30.96/33.98; tick:trin ratio 237/1354; $bpndx 59/59; $namo 57.72/60.73; naa200 248/320; $nasi (714)/(365); naz lows 53/42; naz highs 48/46; fast stoch 98.28/99.90. i don't have the equity p/c for 8/22 but i show 53.6 for 11/1. my take is and has been pretty much in accord with yours; that is, while this rally may not be over just yet, its hard to see it going much longer or for that matter much higher. disclosure: i shorted the triple Q's a bit prematurely on fri. and covered both positions for modest losses. shorted xlnx near the close and though slightly underwater decided to hold. looking to add shorts probably mid to late monday and/or within minutes after the expected cut on wed.. interesting to see how this all plays out. thanks again for all your input and sage advice.