Zeev's Turnips Patch-No Politics (ZEEV)

[mish]

Zeev one thing you failed to mention to support your case was the TRIN and TRINQ.
The TRIN and TRINQ suggested selling all the way down.
Out of the blue we reverse but even on the reversal day the TRIN suggested it was being sold. Only on the big day did the TRIN suggest mammoth buying.
No continuation today.
TRIN and TRINQ suggested selling most of the day.
Thus it waould apopear to me that this is a distribution rally or a max pain rally.
This is in contrast to the Oct rally which had a low trin for several days even as futures were dropping. Plenty of time for accumulation. I did not sense any accumulation to speak of on this rally other than chasing stuff all the way up.
Thoughts?

That does not mean it can not go higher and it bothers me that I reloaded too much too fast. I always do. But most of it was june or later and in the case of the DOW it was leaps.

As for new highs vs new lows I think I would be in the camp that I would not expect many new highs here particulary in the DOW and spoos whoch is pretty beat up relatively.

I do not follow that indicator at all but would think that the Naz SHOULD be showing decent new highs as it did not even come close to a nasacre this year.

How will this resolve? Is the Naz going to be stronger than the DOW all year?

M