Replies to post #222102 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bullwinkle]

Could be Fed, but I have my reasons to believe why a rally is due. Whether it retests old highs or not I am not too sure about. 1st of all, a lot of the bad news is out / 2nd of all, earnings season is about to crank up / 3rd of all, Bradley Cycle Turn is due tomorrow (or within days after) / 4th of all, I get an EW count of 5 down from the top with an ABC up to come / 5th of all, a lot of bearishness out there / 6th of all, McSum is at a level not seen since June-Aug of last year / 7th of all, VIX is topping and P/C Ratio is around .57 (not far from a bottom) Should I go on? This thing most likely will not go straight down without a fight. I feel a spring rally is in the works. Then go away in May while we resume the downtrend... That's what I see coming, does not mean it will work that way. All FWIW and JTMO...

[lee kramer]

Fed Reserves: The chart may look horrible...if you are long. But it's just a chart. And it suggests that opportunities "may" be available. They go up, they go down. I;m not concerned about the coming "rich man's panic" 'cause I'm not a rich man.