Replies to post #18539 on Zeev's Turnips Patch-No Politics (ZEEV)

[TREND1]

Zeev
I'll note your bear suit on my
nasdaq daily chart !

Hal hasn't detected any change to a down trend.

Time will tell



Larry Dudash

[jbennett53]

Zeev, What's you take on QLGC? I follow it daily and it looks fairly weak in the runnup of the last few days. This makes me feel that your call for a pullback is on the money as QLGC has been a leader in rallies over the last year and a half. Best to you.

[plexus]

Zeev agree fully on the BEARISH call near term...VIX/VXN unwinding too fast here...weak expansion of new highs...MASSIVE calls to puts in open interest on the options market for next months expiration...that should weigh on things early next month...

[jdaasoc]

I am actually bearish short term

When good as gold drugs and Naz diverge believe the Naz as the trend. I am going net short when Mrk hits 55 and AMGN hits 50.

PS You can setup similiar priuces for GE MSFT and C where things are overdone.

[Sir Realist]

KG, MIR, TELM, KANA & WEDC look bullish.

Channel parameters are 1440/1410 tomorrow with a secondary floor of 1395 (the 50 ema), and a secondary peak possibility at 1498.

Like you, I would prefer to see the pullback now, to save some upside for later in the qtr., but all we can do is play it as it lays.

However, calculating the bullish stocks against their EMAs, I'm only willing to move off my call for today's peak, by 1 more day.

Tomorrow could really surprise to the upside, however, based on a phenomena I noted during the Nassacre. Simply put, chart from the chart gaps. If we get that monster rally, here's why:



Note that what I propose as our new floor now coincides with the 50 ema. If this breaks, the lower green line would be the secondary, backup floor, on a severe pullback. And since the gap that's been providing our ceiling this week is a closed gap, it's a weak ceiling that could break at any time.

This may not be standard TA, but it worked quite well during the Nassacre decline.

Comments from you and other chartists will be appreciated.

[krazikid]

Mr. Zeev...

I see you unleashed the hounds today. CCRD ADPT TRKN SSTI's. You never did respond as to why you buy falling knives..technically unsound..breakdowns..thats your choice i guess.. you should change your mantra to..." When the TA and the FA don''t jive, believe the TA..unless you are trying high risk high potential opportunistic stocks" <G>

You're a great trader...thats why I fail to understand why you buy disasters when they happen. and adding..tsk tsk.. You must have had an extra large CCRD position to come out unscathed. PDII....case in point.

Do you pay any attention to moving averages in your market analysis? I see the 20 day ema is about to cross the 50 dma to the upside.