Replies to post #348426 on Zeev's Turnips Patch-No Politics (ZEEV)

[PENNYPRINCE 1]

Zeev I agree and think we are on the verge of your advance. Many small otc stocks have firming bids and improving charts. I did more buying and looking for more upside. Bios oils and communications look great.

[Ace Hanlon]

Junking GM bonds would add greatly to the supply of junk and widen their spreads from treasuries. Unless of couse the junk market discounts this in advance as it may now be in the process of doing.

[Dances-W-waves]

Yes, there is a bit of a divergence that I noticed between the NDX and Comp indices and the 5 day RSI and the CCI(20)

You can see the RSI divergence here.

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[m,a]daclyyay[pb50!b200][vc60][iUb5!La12,26,9]&am....


The 14 day RSI does not show such a divergence yet though, and in fact shows room for a bit more downside. So does the MACD.

It's interesting to note that the same type of divergence occurred on the last rally beginning in early Nov. (when I was calling a top. <g>) but lasting till January, of course.

The 14 day RSI divergence began....get this, about 9 days later. I wonder why? <gg>

So yes....a bottom may be near....or, like that last divergence, a month a way.........right near the 200MA.....

Now...how much time did I waste figuring that out?

lol


....back to my weekend vacation......

[marketmaven]

Zeev- lost your bear suit? SPX estimates are still too high and we are at the cusp of a major financial derivatives incident.. maybe housing or high yield debt IMTO