Replies to post #572446 on Zeev's Turnips Patch-No Politics (ZEEV)

[Autosinger]

oh well. I am off for work today. Have a fun day!

[lemming]

Distribution counts this weekend (three week window):

Index|status|distribution count|distributions days (major distribution parenthesized)

NASDAQ | breakdown | 4 | (11/1), (11/7), (11/8), (11/12)
S&P 500 | breakdown | 3 | (11/1), (11/7), 11/8
DJIA | breakdown | 3 | (11/1), (11/7), 11/8

Previous Notes:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24469294

Friday was rally day 4 on the S&P 500 & DJIA, but only rally day 1 on the NASDAQ (intraday low of previous 11/13 rally day 1 was violated 11/15). Historically, the best rally follow-throughs come on days 4-7. Also, the current bottoms do not have very much volume. I would have liked to see something more like a trade between volume on 11/8 and 11/13 for this rally to look more decisive.

Also on post 24469294 I had missed the fact that 11/8 was actually major distribution on the NASDAQ, not regular distribution.

[lemming]

Zeev,

I trust you had a good weekend.

I haven't looked at the ISEE index before, but at first glance, while it does look like an ISEE excursion significantly below 100 is a precursor to a local bottom (looking at healthy corrections back to 6/06), it doesn't look like you can time an exact bottom base upon the ISEE indicator alone.

Is this what you have typically seen in the past?

-David