Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

"you think that'll satisfy max pain as well or is that not even an issue at this point?"

I think that comment exhibits total grasp of the crossroads we are at. Max pain and eom bs has been the point for 35 months, and always is in a bear market, but if we are in a cyclical bull, ie, a bull market that last for at least 2 years, then the types of technical indicators that worked the last 35 months won't work well anymore and will be a distraction from simply stupidly buying any pull back.

I have done pretty exhaustive studies the last 20 years, and imho, if we go back down past 1278 and accelerate, we are in really deep shit and all the really bad bear dreams will come true. But it is more likely we hold above 1320, and that will be another strong signal that this is a new bull, ie, only 7% pull backs for awhile with a big bounce, and 10% pull backs every 10 weeks or so but followed by rallies to new recovery highs