Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

leon...

No, we're not done - not by a long shot in my opinion. The deteriorating fundamentals and technicals both point to lower prices soon.

The PPT finally managed on about its third try to get a rally going by jamming futures, important tech stocks and large cap index stocks and even then it had run out of gas by the close. They may be able to do the same tomorrow, but I doubt it and expect a down day with an outside chance of a hard down. The early key will be the early reports (production and capacity utilization), which will probably be negative and the Michigan Consumer Sentiment which will probably be even more negative. The later key will be what happens at the UN.

The DELL news was basically neutral for DELL and negative for all its competitors, and the AH rally was far overdone - probably with a bit of help here and there.

mlsoft