Replies to post #11686 on Zeev's Turnips Patch-No Politics (ZEEV)

[JLSegal]

Zeev, do you look at money flow?
Note how all the numbers for today are positive. A bit strange?

MONEY FLOW - UPTICK/DOWNTICK TRADING DOLLAR VOLUME
Aug 5, 202002, 3:00 p.m. Eastern Time

MARKET MONEY FLOW (in millions) RATIO
TODAY PREV DAY
DJIA +56.3 +37.8 103/100
Blocks +65.9 -197.0 108/100
DJ US Total Mkt +300.9 +394.1 104/100
Blocks +604.0 +419.7 122/100
S & P 500 +263.8 +341.0 104/100
Blocks +452.1 +292.4 119/100
Russell 2000 +14.8 -4.3 102/100
Blocks +17.7 +34.5 109/100

[LG]

Zeev: The TRIN being up is a good sign, if you are fishing for a bottom. My CompTRIN is up over 3 which is indicating at least an intraday bottom is near...

[slopik]

Zeev - Re: QCOM

Holding mid 23s pretty well. Will you still exit if it doesn't regain 24 today, or are you encouraged by the action over last couple of hours?

TIA.

Aren't you glad you're out, Augie? <g

Pierre

[Pinhi]

HI Zeev, I understand the fact that QCOM broke support under 24, but isn't that more a function of market action as a whole, rather than being stock specific? I mean, pretty tough head wind today for any stock to withstand. Or am I just trying to rationalize my long position?

Tia,
Pinhi