Zeev's Turnips Patch-No Politics (ZEEV)

[Rick Storm]

Zeev, I have learned so much from your methodology that I feel uncomfortable asking this question. I know that the turnips are your personal indicators and that is not my business. But when you say we are "perched", I do not see it.

I have not seen what I understand as Turnip internals deteriorating. Volume has not gotten much worse in general and is even better on some days . New Highs are doing well. Even though there has been some fall off since last week. And as yesterday, you could be fooled, if one just looked at new highs. The market was basically at 1470 area, and I do not think the spike to 1482 lasted long enough to pull the slow movers near highs to a higher level. So, to me new highs are ok.

I have not seen much distribution re tic/ trin except for a few times.

Fa stinks, no doubt about it ; but you told me to believe the TA. Granted some great overbought conditions are here. Other indicators as bonds, trader sentiment, mutual fund flows are "bearish", But ,I just do not seen the perch area. It looks more like a trading range and the Vix dummies are the smart ones; not the bulls or the bears.

If you are able to answer any part of this, it would be helpful to me. I am not experienced or smart enough to see 1/100 or less of what you see. Thank you, Rick