Zeev's Turnips Patch-No Politics (ZEEV)

[techanalyst1]

There are quite a few dow components within spitting distance of new 52 week highs......... Ibm is within 50 cents, Mrk is less than two bucks away, PG 5 bucks, GE 4 dollars. Haven't looked at any others, but so many were hit toward the end of the bear (lots of people hiding out in them), I think it would take quite a move to get them back over their 52 week highs. These others though (ibm, mrk, ge) wouldn't take much at all.... just a little shove.

Anyway................. naz is gonna be at a 52 week high if it can maintain itself in the next month and get just a little more umph.

That should bring in more fund flows............ providing we aren't topping out and reduced volume might be a red flag.

Psychology seems to have shifted though and we still have a relatively high short interest.

I'm beginning to think Oct. 2002 was an important low (like the four year cycle low). Even though it was lower than 1998, it might have been as low as we go for a while.

Msft has been underperforming the naz for some reason.... up pennies for the year. Odd since dell is at a multi year high and ibm near it's 52 week high.

TA