Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Still in that suit, though surprised that major excursions into excessive optimism did not accompany the run above 2200. The advisors are approaching such an extreme near 60% bullish, though, market cannot make major advances in face of such uniform optimism in that group, don't you think so? Short term, however, a lot of the overbought pressures have been relieved (see the precipitous drop in RSI, for instance), so a rally from the $2130/70 area is quite poassible.