Replies to post #25694 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

In edit, I am going to have some lunch, but just before leaving added USPI here at $27.05 and ADRX at $24.17. Keep the fort. (g).

I agree with you, I have gone to just 20% cash, but will download most of the traders later today, the main bottom may not be until October, and it may be lower than the 1238 I have right now. If we ramp to 1322 as you suggest, the next bottom may not be much worse that 1205, however.

Zeev

[wahz]

If the earlier low was it, I have readings now that we have a good chance to see a spike to 1335 this week.. masses are leaning the wrong way, but we have to end 1280 or better.

[wahz]

If the earlier low was it, I have readings now that we have a good chance to see a spike to 1335 or higher this week.. masses are leaning the wrong way, but we have to end 1280 or better. I am sticking with my 1262-1322 range I have posted ad nauseum but we could go higher. The only thing that bugs me is some of the better timers looking lower instead. I just don't see that, but anything can happen.

[wahz]

Never ceases to amaze me how the ta tells the tale. It was unlikely that we would get to 1262, and much more likely that a ramp had to happen immediately. WAAAy too low on the ndx at this point in the week.

Further, I don't think the bad fade most expect will occur, until after the fed meeting. Then it is going to be one mudder fudder of a fade, imho. We will have about 3 days to collapse 100-150 nas points