Replies to post #276839 on Zeev's Turnips Patch-No Politics (ZEEV)

[ardent jd]

Positive divergences with RSI and stochastics building on COMP, NDX, SPX, SOX etc. For example:

http://stockcharts.com/def/servlet/SC.web?c=$compq

[eap]

Zeev, it appears new lows are contracting today. Is that a positive sign for you?

[marketmaven]

Not seeing any stinkin' capitulation here. and, Zeev, POOL has barely backed off...
(in edit: JL- I'd like to see 1) options expensed and 'pro-forma' eliminated, 2) a return to normalized ST rates at 3%, 3) elimination of the $500B trade and budget deficit, 4) the withdrawl of the PPT from market manipulation, and 5) market reform and SEC guts to eliminate "end of day trading", "front running", "ripoffs by bond, stock and derivative traders that scam small traders with their commmission" and other practices. There will be plenty of long-short trades to make but I think 2005-6 will be VERY UGLY due to heavy govt, corporate and household debt. You disagree??

Check out MNS- MSC Software, warns Jul 1, above BE at $0.03, now delays until Aug 11 - now looking for losses. Trades saying that terminations of their engineering software running much higher than expected for MSC Nastran conversion.

Date: 1-Aug-04
Contributor: PriceTarget Research, Inc.
Title: MSC Software is currently rated D (unattractive).
http://reports.finance.yahoo.com/w0?r=32668107:1
MSC Software is currently rated D (unattractive). Appreciation potential (39) is low; power rating (14) is very low. Relative to the S&P 500 Composite, MSC Software Corporation has neutral Growth/Value characteristics; appeal is likely to be to Capital Gain-oriented investors; perception is that MNS is higher risk. Over the full time period, MSC Software's stock price performance has been variable and significantly below market. MSC Software's current technical position is neutral

[Public Heel]

This is the biggest Ramperooo I can remember... almost 36 points. But it arrives 8 minutes early, so I'm not sure it really qualifies <g>

[Alexander]

Zeev

I aqree that we are establishing a significant bottom here...tough to know where exactly the bottom will be tough..

Alexander