Replies to post #206839 on Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

nota bene! re "...which could happen - claims, PPI..."

as i posted here last night, ppi numbers will be delayed indefinitely because of "circumstances beyond their control".

Separately, the Labor Department, citing "unexpected" statistical difficulties in preparing its Producer Price Index for January, said that it has indefinitely postponed release of the data, originally scheduled for Thursday morning. The department's Bureau of Labor Statistics said it was having problems converting some categories to a new classification system and is putting off the release until the problem is solved. Officials said the delay won't affect Friday's scheduled release of the monthly Consumer Price Index.

the conspiracy-theorist in me, of course, takes this to mean that the number is too high to report.

[Train Guy]

Shish, I wandered off and now the NQ's are up about 10 and the ES about 2 from the close. Looks like not quite enough to gap us over 2088 yet. Getting a little selling, NQ's backed off to about 8.50 and ES about 1.50 up.

[Zeev Hed]

1. I am still waiting for the fat lady to sing.

2. Low, taking 2088 (actually now we got to take 2110 to be bullish again) with volume will just open the way to achieving the 2163 level before a retrenchment of greater proportion, but I will turn bullish and than as we approach 2163, will have to decide if it is going to be a real barrier or not. The main scenario from 12/25 is still on (with 2163 as a possible max top for the January/early February run).

3. Cash right now at 54% (got caught with a double position of INTU and GIVN, moving the cash back under 60%). If 2088 taken cash will be decreased to the 30%40% overnight and during the day could drop to as little as 10%, but without chasing, things like SNDK, COO and probably some gold may join as they are approaching my first buy levels.