Replies to post #324924 on Zeev's Turnips Patch-No Politics (ZEEV)

[skono4]

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[d,a]dhclyyay[d20040110,20041119][pi!f][vc60][i...

2153.8 on the $COMP is the 12 month high. Turning back here on strong volume would look ugly

151 Dow points from the 2004 high

http://stockcharts.com/def/servlet/SC.web?c=$DJIA,uu[d,a]dhclyyay[d20040110,20041119][pi!f][vc60][iU...

$SPX $TRAN $RUT & $UTIL all broke out very impressively, first out of the downtrend channels then through the 52-week price highs.

Financials and Semis weighing down the bull market breakout?

[Zeev Hed]

Don't make too much out of it, it is not the start of a bear market, is a tiny teddy bear, maybe to 2000 maybe another 50 Naz points under that, from here to late January, I still think that the bulls will have the upper and, not withstanding today's ugly action.