Zeev's Turnips Patch-No Politics (ZEEV)

[hk2]

My thinking is that if we do not go back at least under 1300 (1280 preferred), it will be a pyrrhic victory for the bulls

Zeev, at what point would you consider this to be the case?

As I understand, if we head down here, or maybe even move to 1450 first and then down to 1300, then "to Da Moon" party is still in the works.

If we continue to grind up from here, say to 1700 (or the big number of your choice) then things don't look so good for next year. (I suppose if New Highs where to expand considerably, you might be more comfortable with this rally, 1300 or not.)


Is there a point where you shift from one outlook to another?

Or will you just know it when you see it?

Thanks,
Jim