Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

4/14/200 was a full five weeks before the May 24/2000 major bottom then, but a strong rally ensued. The big difference is in the volume, 4/14/2000 was a local peak volume while today volume is still declining. I would be more positive if the Naz had similar outsized trin and more prevalence of losers in the volume leader (the NYSE did "well" with only 1 up in the 25 most active, but the Naz had 10 of the 25 most active up, not enough panic). Nevertheless, as I stated before such an extreme might be sufficient for at least a bounce after a very weak opening, maybe even a bounce worth playing short term.

Zeev