Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

phineas...

This is not the first time they have done this with KLAC (also with NVLS and AMAT.) Each time, it foreshadowed a decent ramp in the markets and I suspect the intent is no different this time. AG has to have the markets higher to save the economy, but he is getting into ozone territory with decidedly deteriorating fundamentals.

I think we will go higher before turning down, but probably not a whole lot higher - maybe 1530/8900 max. We are at the point where almost anything could turn the markets down for good - all it needs is to get some downside momentum on volume.

mlsoft