Replies to post #564522 on Zeev's Turnips Patch-No Politics (ZEEV)

[lemming]

Zeev,

What's your take on some of the calls for a crash?

1) Father Fred mentioned that the crash began yesterday. If it did, why was the top in July (vs 9/19)?

2) If we are seeing a crash unfold, wouldn't the Jul-Aug swoon be 3 waves down instead of the solid 2 in the daily NASDAQ/S&P charts, and wouldn't the Aug-Sep rebound be only 2 waves up, vs. the pretty solid 3 in the charts?

Even the distribution in the indices from last week has dried up:

IBD New America (emerging companies): C+ (mild accumulation)
NASDAQ: C (average)
S&P 500: B- (mild to moderate accumulation)
NYSE: C+ (mild accumulation)
IBD 85-85 (entrepreneurial): C+ (mild accumulation)

My experience is probably not as high as most here, but I just don't see a crash yet in the charts.

Please point out what I am missing.

(still running with the lemmings)
-David

[swing man]

UTSI been killing it since the triple bottom and breakin of resistance.