Zeev's Turnips Patch-No Politics (ZEEV)

[techanalyst1]

Well..............

I don't know Zeev. Charts look good.

Maybe it's because this bear was so long and stocks so far down from their highs.

I don't know if we can even count 52 week highs as THAT bullish anyway..... used to be that 52 week highs were all time highs. Now even if IBM makes a 52 week high it's really only going right above the december high. In december that was far off since April highs were much higher. It doesn't have to do much to make a new high now..... which would mean that it's only slightly over the Nov/Dec high and that would probably be within your time frame.

Anyway........... msft isn't participating. Not sure what that means, but it sure is odd to see dell at multi year highs and msft down.

On a "fundamental" basis though......... if stocks go up, alot of this pension mess gets cleaned up and that will help states. And if we also get some selling with gains that aren't offset with previous losses, that improves tax reciepts next year too.

And if we get people feeling better, who knows? They might actually start spending and we get that much anticipated rebound everyone thought would never come.

And with the shorts betting against it, the market might go farther than we expect.



TA