Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

augie...

Nice charts. I do not know when the markets will turn down but I agree with Zeev that it will be soon. There has been a lot of distribution into this rally and I look for it to overtake the buying here soon. If the markets ever get momentum going to the downside it could get ugly quickly.

One thing I expect within the next two weeks (three at most) that could take all the air out of the SOX and NAZ is a warning from INTC. That should be followed by many more warnings between now and earnings reporting season. That is when the grim reaper of reality may rear his head for the market if not sooner.

One thing I disagree with Zeev on at the moment is that I see little hope of an economic rebound of any substance this year.

mlsoft