Replies to post #1658 on Zeev's Turnips Patch-No Politics (ZEEV)

[Alex G]

SPX already sliced through last week's low of 934ish, 923 next support

[Zeev Hed]

Could very well be, but I have added MU here at $21.22 and ZRAN at $14.81 and just got AGM at $25.20. Still enough to get into few positions like EXTR if it drops back to "buying range". I am still holding (barely) to the ramp scenario.



Zeev

[DlphcOracl]

No recovery this afternoon.

Indices are in freefall as I type this. Dow and S&P have decisively taken out their support levels of 8900 and 935, Nasdaq probably will follow if not today then tomorrow.

Next support levels for the Dow and S&P are approximately 6% from here. Support for the Nasdaq?? Don't ask -- it is probably at or near 1100.