Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>we came from deeply oversold in daily and weekly charts and rallied.<<

If we were to crash or have a waterfall event, would it not come from "deeply oversold in daily and weekly charts"? If you believe that they do exist and do serve a purpose, why would you not believe that they would step in with the conditions above not only in our market but most the other markets in the world? What better time would they be needed? Have you read any of the white papers that were written that help establish "The Working group" after the crash of 1987? Greenspan said that he was prepared to support the markets in case of war. We are at war, why would you think he (the PPT) would not be involved?

Do you watch the nas tick. If so, can you explain the action we are seeing and how the extreme number of buy programs could be traded profitably near the intraday tops? Has "buy low, sell high" been repealed?

Joe