Replies to post #17875 on Zeev's Turnips Patch-No Politics (ZEEV)

[SantaCruz]

"Emotionally speaking" I think a break above 1400 to induce covering and suck in some longs is in the cards. Then "they" pull the plug and down the drain we go. Draino optional. BWDIK

[Zeev Hed]

Yes, it remind me of the same period, and the sentiment indicators are similar, which really means that if we do not retrench nicely here, the advance may result in declines of the type we experienced after the first week in January. In the meanwhile, I just took IDPH here at $44.60 for $.60 and AMGN at $47.68 for $.72. Not a bad lunch tactics since there was not one loser in 13.

Zeev

[shtirlitz]

Thats the problem with bear bounces. Market is green, and greed becomes overwhelming. Hope of bottom, fast rally big gains. Shorts are squeezing, longs spewing suliva in greed, and market doesn't stop untill the very top of the move. But when its over its over.