Zeev's Turnips Patch-No Politics (ZEEV)

[krazikid]

<<Not really as bullish as I thought I would be here. This is not developing "according" to plan at all. Last
week should have been much better and today was a disappointment with option players refusing to lay
out puts. Hopefully, the "professional" are already out on Christmas vacation and the market could levitate
a little on its own. But it sure does not look like intrinsic strength is out there.>>

an unbullish equity options indicator is all it takes for the turnips to start waffling? run for the hills? a possible 25% SOX run into/through January is now history?

a few bullish signs...

BBH closed above its 200dma. coming out of a tight range. it's been a long time since that happened! 50 dma 20day ema and 200 dma are all coming together. an explosive move is near.

KLAC closed back above its 50 dma, positive verging dmi, bullish stochastics, 50dma is in an uptrend. a sox leader.

QQQ and naz closed above their 50dmas. positive verging dmi's, bullish stochastics, 50dma is in an uptrend

My "turnips" think an explosive move is coming led by the bios first, with the semis on piggyback. The naz has basically based for 2 weeks with no real damage. A pop could easily occur over the tight range flag type formation. Psychology can change very fast. Turn the 20 day ema back up here on the naz with a pop over it at 1392. Hold that for a couple days. Take out the 1462 200 dma.

Tonight the charts look bullish. I think your turnips are just early Zeev.