Replies to post #216137 on Zeev's Turnips Patch-No Politics (ZEEV)

[nancy2]

DOW has about 100pt to go to tag a 5% correction.

SPX has about 20pt to go to tag a 5% correction.

Yesterday's TRIN was 2.72, today is 2.4. I dont think we have back to back such high TRIN reading even in 2002 ? have to go back to look it up.

the high down ticks certainly is a first since 2003 bottom.

so it seems align for a bounce.

everyone expects a bounce also.

where is the first resistance we should be wary of ?