Zeev's Turnips Patch-No Politics (ZEEV)

[Rick Storm]

Zeev, I am surprised that the turnips are not now at a whipsaw mode fork.. This is because the new highs on the naz have more than doubled off the low and even though the p/c ratio has begun its move up, along with the dmas; the level of 1400 seems poised to fill the gap. The turnips in the past were looking for a 300 dow point day ( I think also a 50pt naz day)and a volume of 1.8b. It looks like all that has been done and as you have pointed out, the market is most time murky and ambivalent!


Could you explain why at least you don't consider this a high risk area for longs and shorts?

Thanks,Rick