Replies to post #220816 on Zeev's Turnips Patch-No Politics (ZEEV)

[Justa Werkenstiff]

Z: The Nasdaq trinq has not perked up to the same degree as the NYSE trin. For example, the ten day trinq is at 1.25 now but peaked at 1.5 on October 2nd for that low. Currently, the ten day trin is at 1.73 but peaked at 1.38 for the October low. So the ten day trin is currently higher now than at the October low but the ten day trinq is currently lower now than at the October low.

[limtex]

ZH - You're being to speak Greenspanese. Could you translate that into language that people who read the Daily News can understand pls..

L

[brainlessone]

divergence with dollar

if dollar gains, the market will go up

first time in last few weeks where euro investors made money on american market

first time oil price did not reflect euro dollar trend

[Kirk]

"All I can say is we are close, but any model that relies on a single parameter to determine local lows, fails, we have had false call from low P/C (even virgin one) ratios as well as high one. "

Agree. My point was it was finally starting to get high enough, long enough that the 10 DMA could be signaling that a bottom was not far off. If it goes above 1.0 and starts to roll over... might match up with a bottom. Something to watch if nothing else.

The BPNNX turning up has been a good secondary indicator:



&r=5724>

in edit below
My fav seems to have a bottom in already
&r=6097>
but I'll look to add to others I hold if we get more signs at better prices.