Zeev's Turnips Patch-No Politics (ZEEV)

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My point was that the turnips seem to frequently suggest retraces after a decisive trend change has taken place. eg. When the market bottomed on 10/10, and made 100 points advance from 1100 to 1200, the turnips suggested on 10/14 that a retrace to 1140 was in the offing. I vehemently argued against that. Instead of didding with those measely 60 points, the market proceeded to march to 1500+. Now the turnips are suggesting a further leg up despite the writing being on the wall that the bear market rally is faltering badly. My guess is that the turnips are making the same mistake of being defeated in unnecessarily elaborate detail. The trend is strong.