Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

Babylon...

Still stretching my legs out here, but the bungie cord is tightly secured so I won't stray too far from the Bear Cave. I have been saying that if AG can start a new leg up (as he would definitely attempt to do), he should get some help from short covering and mo-mo boys and I think he did that today -- very predictable, unfortunately. I would anticipate that we will carry higher from here, and AG will be able to dump some or perhaps even all of the inventory he has accumulated in generating this rally, depending on how much self-sustaining follow through the market can generate.

I continue to believe we can forget both technicals and fundamentals - AG will drive this thing until he gets overwhelmed by selling from profit taking and fear. At some point, the fundamentals will cause reality to set back in and folks will see that the risk reward in this ozone breathing market is weighted far to the risk side, and they will begin selling to lock in profits and reduce risk. At that point, there should be a rush to the exits.

I have no idea when that will happen, but I do not think it will take long. I have long been guilty of underestimating the power and resolve of AG though, so it may take longer than I think.

mlsoft