Replies to post #116052 on Zeev's Turnips Patch-No Politics (ZEEV)

[boo boo]

I think you meant 185 points higher.

[Culmus]

Aren't we about double as much above 1500, a solid 160 points? And given these extreme readings in many indicators, coupled with the prevailing exuberance, don't you think we possibly could see more here than just a short term top? The 7DMA of the ex-QQQ eqity only put/call ratio was at an extremely low 0.49 on Wednesday, the lowest since March 21st and August 23rd, lst year.

You really think the result of this exuberance can still be topped after a retrenchment, whenever and from where ever that comes?

Culmus

[Trindy]

Greetings, Zeev. It is, indeed, getting quite frothy here. I greatly appreciate your continuing contributions to this thread and respect your opinion. Your take on the market has been quite good. It's not like you haven't made any money with your typical 50 percent allocation. Yet, the turnips, along with many other insightful market gurus I follow, definitely missed the recent rally. I was wondering, however, if you had any thoughts on why this rally had come as such a surprise that might, potentially, lead to improvements in your modeling. I asked George Cole a similar question. He thinks that the Fed's liquidy pump is chiefly responsible.

Also, if you could provide a view on how you think this fall will shape up, it would be greatly appreciated.

Cheers and keep up the good work and thanks in advance.

[zerofinance]

Zeev, once we get to the 1500 area (+-), would it be a good time to initiate a short-term Dow gambit? Dow has been somewhat lagging.

Thanks
zerofinance