Replies to post #41112 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

This ramp actually is bad news for the bulls looking beyond next week. Without any kind of meaningful pullback on the way up -- we will get something considerably worse than a teddy bear correction quite shortly IMHO. Indeed the turnips have miscued, but the bulls would have been much better off if they had been on target.

[brainlessone]

reading the tea leaves of the UN, there is at least 30 days from the time the inspectors get to iraq ( maybe twenty days from now) until you actually have to have another UN vote on what to do. That means that iraq war is postponed about two months. I think. And if the Iraqis declare all their weapons and delay the inspection process via the UN it could be never.

how would no war figure into the equation?

[Zeev Hed]

Ever heard of "sell the good news" and buy the "disasters". To get us here we spent a lot of good "technical goodwill. And while the volume is a little better than it was earlier in this ramp, there is still a lack of leadership and new highs on both the Naz and the NYSE have not exceeded the levels of a week ago. I am not getting seduced by the price action here and whle I have reduced cash to 56%, that was due to bargain hunting in the like of USPI, NOVN and OMG. Frankly, if SKX for instance, does not move next week well above $11, I'll be dumping it for another reentery under $10, and the double position on COO will taken out again as well. POOL has been acting nicely, but it too may be slated for removal if it does not put another step in. The rest of my favs, I may play daily games with

Zeev