Replies to post #109052 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Are you now "formally bearish" due to that change? I just added as preomised KLAC at $38.96, also back in QCOM at $30.70 and back in CCMP at $42.76.

Zeev

[jdaasoc]

"bad" the March 10, 2003 up trend line was broken to the down side today.

Also, BKX gave up 800 support level like things could possibly get as bad as they can get again.


Market looking for new trading range because any uptrend is gone bye bye. Support levels of lower end of range is somewhere below current levels. I am most worried about 30 yr bond TYX losing value like Wall street is seeing higher LT rates ahead and dumping them.
If PPT exists it is throwing in even the kitchen sink today to no avail.