Replies to post #181077 on Zeev's Turnips Patch-No Politics (ZEEV)

[westpacific]

Thoughts for all you campers.....technical wise

we go higher next week, choppy but not a place to take risk, the technicals say NO SELLERS.

We are close to THE TOP or we are close to a NEW BULL.

Several reasons.

1) Dow Theory, we are two points away from a DOW THEORY confirmation which if it happens means the DOW could test its old high.

2) We are at the very top of a Wall Cycle Channel at DOW 10060, if we break it well, that says something.

3) SPX 1089 is 78% FIB retracement, we take that out we could see 100%......and then what.

4) THE PPT and the FED owns this market with FIAT MONEY if the three above events happen. And what does this mean, it means technical analysis is no LONGER WORTH S H I ........it means that the bear is on hold but lurking in the shadows and the RISKS are so high they are off the chartttttttttts........

5) Everyone and their mother ignores the fact the US has 31T in debt, that Greenspan said one year ago that the boyz on the HILL must stop spending - in that one year we have added 20K per US FAMILY!!!!!!!

6) A NEW BULL, yes let the charts dictate that and NOT YOUR OPINION! The FED and the MONOPOLIES that control the US can and have the power with the PRINTING PRESS to do anything and they will INFLATE because with 31TRILLION IN DEBT they have NO OTHER OPTION.........

7) To be long this insanity means risking a market crash - and losing what 20,30 50%, cause guess what, all this manipulation means ANYTHING CAN AND WILL HAPPEN........

8) If you do own anything on hold, let it be GOLD, REAL ESTATE (non US IMO), other Countries Currencies - these are the SAFE BETS and will protect YOUR MONEY.

9) The only winners in the next decade of this mess will be the DAYTRADERSSSSS. SO ROCK AND ROLL ALL and stop fighting, lets all work together to W I N.....

Just a few thoughts. Protect capital, F GAINS at this point in here IMO. Or for the smarter ones, keep daytrading the crap out of this fantastic volitility.............

Live long and prosper and remember to kiss your wife and kids.

West

[Timelord]

Zeev - I've actually had SNDK in my sights with an ob at 61 and change, but I pulled it after being caught in the COCO maelstrom and getting a little gun shy - I wanted to see where it bounced first before I committed.

As for INTC, I was playing MSFT but got spooked out and didn't feel like chasing it, INTC looks like a good substitute.

What do you think about CCMP for a swing in the 47.50-48.50 range?

Some of my other Xmas shopping list:

TBL around 50 (Thanks for this one, it's my #1 gainer)
TARO around 55
TEVA around 56
MRK around 41 and change but I may see how it handles the higher gap and jump in there.
JNJ around 49
POOL - I thought I had a nice ob entry just above 34 but was stopped out just like you - I'm not sure what I want to do with this one now.

Back to lurking...

Alex

[chainik]

Zeev, a few people I respect interpret the recent weakness in NDX relative to DOW as a first sign of a coming decline (risk aversion by investors). I wonder whether this weakness is actually related to the removal of BRCD, CIEN etc. from NDX.


Congratulations with a series of spectacular hits.