Replies to post #734 on Zeev's Turnips Patch-No Politics (ZEEV)

[JLSegal]

"this rally could be DOA (as in perhaps we already had it)"

M, you could be right. If everyone is expecting a strong rally within the next couple weeks, then, it's less likely to happen.

[augieboo]

Mish, here's a scenario (based almost entirely on something AJ suggested on SI) which seems quite plausible. He suggests, in essence, that this month could be a repeat of last month.

If he's right, Da Boyz could feed us a day or two (or even three) of movement down and to the side, a gap up over the 20DMA, on Friday or Monday, two or three days of ramping, (which could conceivably take us to NDX 1104, i.e., QQQ 27.5), and then pull the plug during the day Wednesday, and let it run back down to about 1003, i.e., QQQ 25.

That would be quite a nice "win" for the crims, no? And I think it's plausible, at least theoretically. What do you think, oh Great Master of Pain?

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[ajtj99]

Mish, I think the key will be how the NDX 1074-1080 range is handled if we reverse and go up again. If we can get past that area, we could go to NDX 1110 pretty easily.