Replies to post #341764 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bullwinkle]

Hey ZH, for many weeks we had RSI & MACD divergence with readings in the .5's before dipping into the .4's for a few sessions. Could this qualify as Nazzacre material? Sorry if my question seems redundant, but my thinking is that we saw the equivalent without the major extremes you mentioned...

[langostino]

Agreed - it's highly unlikely

that we just tip over and go straight downhill like this without the forces that be having one more big go to create a last distribution opportunity.

Not to mention the very sizable downdrafts in the darling mo-mos that the shorts have been fighting for so many months. They are not going to get it quite that easy. I expect them to get one more serious squeeze test, possibly a violent one in some stocks. Wouldn't be surprised to TZOO get rocketed out for a new high before the ultimate downhill ride begins.

Several in the AAPL complex have fallen way back and are candidates too. PLAY and ADBL specifically could get shot up 15%-20%.