Replies to post #182931 on Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

I think he meant it as fine in that the new highs falling way off wasn't necessarily bad. Especially since the new lows didn't expand a lot. With the indices up so far off the lows, seems like we would need to see a good bit of down for new lows to expand much.

[Zeev Hed]

Expansion of new lows (they have not been above 25 now for months) will indicate a new "leadership" in a declining, or few declining sectors. If new highs did not retreat on his Naz retreat, on the next advance, the run the risk of becoming truly excessive (like above 600), which will indicate a possible top of major import. Thus the current new high new lows pictures is such , that at least that parameter, is not "standing in the way" of making new highs early next year as the current scenario would indicate. Just got back in PII here at $84.61 a nice bucker and a half discount to last sale. Also in CCMP at $46.50 and SNDK at $55 flat (missed the swoon under $54, due to absence...)That one is almost a $7 discount to last sale, exhibiting the "stay out of the way of a freight train" (g).