Replies to post #238568 on Zeev's Turnips Patch-No Politics (ZEEV)

[Killian]

A mere 2K shares in QCOM but will be looking to cut back soon (this week) I think we need a technical bounce here on the Naz. Relief rally??? What could have caused such dissention on the Naz in the last few trading days??? Down over 100 pts.????

Thanks for your reply Zeev,

K

[JLSegal]

Zeev, if ajtj is correct and we do go lower to fill the gap at 1842, would that negate your map? So many good stocks have been broken (or, better said, -smashed) despite their surprisingly strong 1stQ earnings reports and upside guidance. Unbelievable. Do you realy think it is possible to repair last week's severe technical damage in the tech sector in time for a strong summer rally....strong enough to bring the COMPX to new highs? The odds of that happening sure feel like they're somewhere between slim and none right now. But, heck, ajtj's 98% 'end of month dow play' didn't pan out ....a blunt reminder that the highly unlikely is always a possibility.

[wecus]

I do wonder about the colour of your interpretation of the turnips, so just let me ask a question for clarification and education - the decisive breach of the maginot line (plus the expansion of the new lows) did not change your map - do you see these as overshooting and extreme (which could lay the grounds for a powerful bounce) or do you see these failures lifting a difficult market to an even more difficult status?

While I suffered huge losses on Friday (second day in a row, get two 2x4s for me!) the charts of my stocks seem to look better than on Thursday, so I'm still with you. Right now it seems to be more important to separate the loosers from those who deserve a second chance.

Strange that this post of yours did not provoke more replies, after all the angst piling up. You would certainly do good as a therapist it seems. (But then again this lack of reaction might be a contrarian indicator <g>)

Thanks as always for sharing your thoughts

Andreas@raising_a_Bianco_Di_Custoza_to_the_turnips_health