Replies to post #157852 on Zeev's Turnips Patch-No Politics (ZEEV)

[Autosinger]

Zeev, where do you find that figure for the put/call ratio? TIA

[Ace Hanlon]

Zeev:

I agree on the bullish short-term take. But I feel we will go much lower than Naz 1757 when the market turns for real.

[Public Heel]

There's the fundamental view of things (the market is ridiculously overpriced), and there's your view (which, I guess, is basically "technical"), then there's "the Market is completely manipulated" view, that paranoids like myself subscribe to.

The Manipulation School sees the near term thus: the PTB want the Market to go as high as possible. They don't mind very small corrections, but they don't want things to even get close to out of hand on the downside. They are pretty sure that Q3 earnings will bail them out, partly due to a better economy, but more due to cost-cutting, inventory-building and low expectations. Thus, they don't want the week between now and earnings season to allow much of a downside. They will keep the Naz comfortably over 1800, then ramp it over 2000 during earnings season.

[1/137]

New Lows are hard to come by, But New Highs peaked early
Sept..and didn't make a new high with the index on the 19th
http://www.investorshub.com/boards/read_msg.asp?message_id=1474706
The divregance between Nasdaq Highs and new highs needs to be
resolved soon, or we head down.
---

[SantaCruz]

I'm sure you're right. My first clue to a good Oct were all the talking heads saying how bad Oct is/will be. When the noise level gets that high, you know it's a setup.

[Babylon]

Since breaching 1860 turned your model bullish but dangerous, what lower breach (price wise) would need to occur to reverse it back to bearish? Being that all (essentially) indicators were the same right before the 1860 breach it was bearish, I'm presuming the same rule applies to the downside as well (in that other indicators will take a backseat to T/A).

[mike_m]

Re: << That can change rapidly (thus the "dangerous"), but you got to stay with the short term trend. >>

Precisely my point Zeev....