Replies to post #313995 on Zeev's Turnips Patch-No Politics (ZEEV)

[lemming]

ogm,

I agree that the S&P looks pretty bad (as does the DJIA). I was looking primarily at the NASDAQ.

In fact, the S&P500 or DJIA will breakdown with a single day of major distribution in the next 3 days.

The NASDAQ does not currently show as much distribution. Its breakdown would require first one day of distribution (major or minor), then a second day of major distribution. These two distribution days need not be consecutive, but would need to happen in the next 6 trading days.

-David

[lemming]

ogm,

Of course I've been wrong before...

...this just isn't one of those times. Not today yet, anyway.

Now, tomorrow is a whole different story. Now that we're in stampede mode, there could be a cliff up ahead for us lemmings.

I just need to break away from the pack before then.

-David