Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Kevin, it can stay overbought for quite sometimes, note that the P/C ratio did not get too extreme in that run up so don't rush to short, if you do, go with "safe one", MMM is probably a little too late (and those that have shorted in the $16/7 area as suggested last week may want to consider putting in a buy around the $120/121 area), but KO, INTC, AA, BA are all still in good range and not too far from a rational stop. I have taken most of the lunch tactics off the table since I expect a sharp relapse to start soon, EXPE just went at $65.53 for $.75 here.

Zeev