Replies to post #160110 on Zeev's Turnips Patch-No Politics (ZEEV)

[plexxus]

>>>I am not sure where you see divergences or extremes.>>>

Zeev what I'm seeing per divergences are between Price and the MACD/RSI on the daily Comp/Spy/Dia charts. Also when you look at the INTC chart that you spoke of the recent move to new highs was not confirmed by the MACD for the first time during its general uptrend...more often than not this type of divergence is followed by a significant correction of trend.

Other extremes include the VIX...margin buying on behalf of investors is higher than it was at the peak at 2000 etc...the majority of my outlook here is based on the divergence outlined above.

http://www.siliconinvestor.com/research/chart.gsp?i3=0&i2=3&i1=6&i0=1&period=120&....

[JimQuinceH]

Possible SELL signals on IBM and NSM, this coming week.

I'll short NSM but not IBM (too expensive).

Short from WYE (on 10/2) became profitable Friday, looks like a little more down side ahead to the 42 1/2 to 43 1/2 area, in my work.

78 Day Cycle low due 10/21.


Jim