Replies to post #109228 on Zeev's Turnips Patch-No Politics (ZEEV)

[TREND1]

no comment

[otraque]

Large caps(NDX) turning before the small caps(many many in COMPX), small caps will follow,imo.gd

[otraque]

actually think you got the friday quote also i have BPNDX up a measly +1. But look at how the 8ma is closing in on the 5ma, again i am reaching going for the early call and say the turning is at hand. http://stockcharts.com/def/servlet/SC.web?c=$BPNDX,uu[f,a]daclnnay[d20010803,20030519][pc5!c8!c13!c2...

[otraque]

More on the BPNDX and surprising +1 reading today is saying in spite of the devastation in NDX today ( i here give a link to show just how devasting a day NDX stocks had today on an individual basis http://finance.yahoo.com/q?s=@^ndx&f=snlcvi ) the P&F charts are saying 79% of those stocks nonetheless have buy signals.(Only one stock was green in the NDX index today, that being NXTL and 24 stocks lost AT LEAST 5% on the day)
This gives insight i feel why turnings can be so vital, as sharp turnings will occur if the P&F buy signals do not get confirmatin they start to tail off into a long slide as a non-confirmation indicate a trend breakdown imo.
Those stos indeed bear close watching now.gd