Replies to post #242652 on Zeev's Turnips Patch-No Politics (ZEEV)

[JLSegal]

FWIW, Schaeffer went from long term neutral to long term bearish today: http://www.schaeffersresearch.com/commentary/observations.aspx?ID=10106
Anyone know what his track record is?

[Paul Shread]

>>even on the close here, it is still a very extreme above the bullish level of 5 (it is 6 on the NYSE)<<

Zeev,

What indicator or reading are you refering to there?

Thanks,

Paul

[Dances-W-waves]

This concerns me.

http://www.msnbc.msn.com/id/3683270/


"We’re seeing an emotional market now,” Peter Cardillo, S.W. Bach’s chief strategist, said. “The market is pricing in not one rate hike, but several rate hikes this year. But I think the market is becoming oversold on a technical basis, so the fear of higher interest rates is probably exaggerated and we’re probably getting to the end of this decline.”


Everybody and their brother thinks we bounce from here. I like it when everyone is scared as hell and expecting a further drop.

Oh well....who knows....I'm back on the fence again. <g>

[coach2]

Each of your swing traders finished red except for INTC. GERN, IBM,IMX, LCAV and AMGN all broke the bottom of their box but only AMGN was sold. I would like to borrow your rose colored glasses. Even in defeat you find victory.

[Public Heel]

I wonder if the big difference between the COMP (down 1.1%) and the NDX (down 0.6%) portends anything. It seemed like buyers were climbing back into the big issues, but never got back into the little stuff today.

[tonytuba]

NIKKEI 225 10944.83 +60.13 0.55% 10:08