Replies to post #319116 on Zeev's Turnips Patch-No Politics (ZEEV)

[optionking]

Zeev...do you think MRK is a good buy at these levels. Or is it a falling knife headed for teens?

Surprisingly it aint bouncing even with the Bush win.

[opnion]

Yesterday the nyse new highs poised themselves to give a longer term buy signal at 420ish issues, it closed at net 408 issues and any holdup today will likely trigger that. A correction then to test the mid-point of the breakout might be in order. But the dip should be bought.

http://stockcharts.com/webcgi/Pnf.asp?S=$nyhl&Y=U&B=70&N=A&C=2

Until the summations slow down any dips or craps should be bought.


edit oops almost forgot, dow 10,360 should provide some rough seas for the dow, if it blows thru there then 10,500 is the breakout.

[jra2]

Deck is something else. I enjoy watching this one .