Replies to post #18151 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I do, there are a lot of things that are not kosher with this run above 1400, the extremes registered in TRIN, in stocks above 10 EMA, the lack of volume and expansion of new highs, and too many other indicators tells me that we will have to redo that trek again, with some better background. It looks like price action was the only positive thing here. I don't know how far it may go, but I am not worried about not committing more cash, I'll surely have another chance. As a matter of fact, if we have a big opening move tomorrow, I'll take few things off the table, trying to get back to the 50% cash level from the current 38%.

Zeev

[augieboo]

Sherry, why do you think the NASI move may be a headfake? Do you mean because it went up 53.2 points in a single day? If so, have you looked at the NYSI? It's up 67.2 today.

IMHO, neither is a head fake. I think they are both saying that this rally has gone too far, too fast.

(:



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