Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

Well Zeev. Notwithstanding the "impressive" showing of this Tech "leader", I found an interesting stat today.

I have counted 12 +1000 or better TICKS since Nov. 1. Now, forget about the fact that we have at least 4 unfilled gaps below, I have not seen a performance like that wrt. to TICK readings since they were -1000 just after 9/11/01. (i believe I counted 12 or 14 back then) I'm not sure if your data confirms this, as I simply use the data provided by my quote provider, but nevertheless, that's one heck of a top.

I don't know if this is a new bull market or not. I don't care at this point. I just think we have too much repair work to do on this foundation before we can put up the walls.

GT

P.S. You said a while back you expected new Nasdaq lows this year if the FED cut rates. Has the strength of this rally changed your mind on that count. Or did this rate cut just solidify that viewpoint.