Replies to post #41136 on Zeev's Turnips Patch-No Politics (ZEEV)

[lostalot]

SI-Shack: What kind of indicators that line up to tell you the market is its Top? You mentioned "crappy internal". Have you realized that the up/down vol (an excellent indicator for the quality of the rally) in good rally days like today has been very strong, i.e., 6/1, an indication of more rally will come.

Instead asking Zeev for when he will change to grizzly bear, I like to ask Zeev when he will send his "teddy" bear suit for "dry cleaning" & put away for "winter hybernation"

[Zeev Hed]

To go "grizzly" (namely more than a 300 point swoon down on the Naz) I'll need few things to happen, I can't describe them because they are reflected in their influence on a regression set of equation I use, but I can tell you few "elements", the P/C (equities only) going under .45, taking out 1425 on the Naz without new highs on Naz exceeding 120, the Vix spiking intraday under 30, the SOX percentage of issues above their 10 DMA going to the 97/98 range are few of these. Some of these are close, but no cigar. The tic/trin relationship on the Naz for instance, is still in the healthy column (it is not for the NYSE).

Zeev