Replies to post #165172 on Zeev's Turnips Patch-No Politics (ZEEV)

[SantaCruz]

I have to believe that Q3 GDP will cause a rally this week (comes out Thursday), 'if' the bulls are still in control. I've seen 6-8% for GDP for Q3. The media will eat that up. J6P will be taking out all his cash from the mattress and buing stocks. If we don't go up, we're in that distribution top phase.

That's my PA (Psychological Analysis) take on the market (probably not that different than TA). :) Your 'meandering' take suggests to me a distributive top building in process.

[JimQuinceH]

Zeev, I was talking to a Hedge Fund manager, about 2 pm Friday and he said, "Watch them take it (the market) up a bit this afternoon, just the right stocks, not everything, look for an up day Monday, with perhaps a gap opening, it will "fiddle around" Tuesday and Wednesday, then on Thursday and Friday, you'll see "window dressing" as the mutual funds close their books on the year, then the first few days of November, watch them "undress" them".

I'm in XAU December Puts (unfortunately at higher prices), so I agree with you that Gold will probably dip (at least I hope so).

Jim