Replies to post #140432 on Zeev's Turnips Patch-No Politics (ZEEV)

[Babylon]

"I was bullish at 1640 (cash down under 10% during the day and even went to sleep close to 20%), here I went to sleep at 62% cash."

I believe you meant to say you were "short term bullish" (for the run towards 1700, and that's about it, +/- a few points), without any change in the anticipated Fall decline, in which you were expecting to raise cash significantly.

To me, bullish implies something beyond the shorter time frames...

[SI_Shack]

Thanks. I'm just not getting any of the topping indicators I need to see though. My 10-day EMA of the equity P/C is a long way from sell territory, as is my TICK indicator. We also now have a proliferation of QQQ puts outstanding for September, many have been opened these last couple of weeks. I would also note the extreme amount of cash in the Rydex bear funds. Lots of folks betting on down right here. TA wise I don't see the structures I'd like to see either, especially in non-tech where a new swing high is virtually a lock for me as we make the infamous triple top on the DOW. Meanwhile in tech, the SOX is coiling under that 410 area and if we knock on that level again I doubt it holds.

I agree 100% on the volume though. Quite weak and it will have to pick up for any kind of push to materialize.

[carl_p_r2]

Zeev, your bear suit is clean, pressed and bagged awaiting pickup at any time of your convenience.

Carl

[Babylon]

What improvements in the market occurred today to stem a RTTH today...lack of internal deterioration, or something else?