Replies to post #12445 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

Do you think aj has been staring at his stock charts too much and needs a little timeout.

[ajtj99]

Zeev, I guess I'm interested in how you associate internet bubble correction with the Nifty 50 correction. The manner in which they are correcting is completely different.

The manner in which the two major bubbles (1929, 2000) of the past 80-years have corrected is uncannily similar. To deny that is to deny fact, IMO.

If the bubbles are deflating similarly, and you agree that the a trend should be respected, why do you not respect this trend?

Furthermore, every time the COMP or NDX has made a new low without the other index making a new low, a new low for both has followed. This has happened all year long. We had it happen again yesterday. Until that trend ends, we have to respect it.

That is basically what I'm asking here.

[TraderXx]

Zeev...you have to understand where hes coming from. If you read the messages from that nitwit Jeff on his thread on SI, you'll understand where these doomsday and end of the world scenerios are coming from. Its actually quite entertaining and funny. This nitwit Jeff keeps saying "well....i feel sorry for the guy and the folks who blindlessly follow him (Zeev).....
just shows how lazy some are to not take the time to learn a little t/a....."

What this nutcase doesn't realize that its not falling because of some broken chart patterns and /or failures, its falling because of a fundamentally and news driven market. I'm the most T&A guy out there trading and it aint because of the charts. People are scared shitless to buy because of the economy and the uncertainty of the direction. Technical analysis helps me in my intraday trading, but overnight its gotten to the point where I don't trust it...in this market.

Anyway...just thought you would find it interesting where this viewpoint is coming from. Its quite entertaining reading the messages there. You woulda thought they had discovered the cure to cancer the way they coodle themselves.

TraderXx