Replies to post #41234 on Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

ZH - Bet 'oversupply' is meaningless in a big rally back to normality as psychology takes over as per ususal.

L

[sama]

zh, <<major resistance in the 1500/25 area >> Can you please tell where and how you observe the major overhead and specifically at the 1500 area.
Thank you so much in advance,
sama

[muteryuin]

UP up and away, the more you wait, the higher it goes. It has the same pattern of last October. The only difference is that last October it was more of just a technical rally. This time the economy has a good chance of coming back. Companies may start to invest and to hire people preparing for an economic upturn. I have been hearing that democrats are calling for economic stimulus legislation like tax cuts, no capital gain tax. Everything is coming together, the technicals are predicting that economic and earning numbers(example csco) will be fairly good. Every time a good number is reported I believe a surge will ensue. We might be looking at nasdaq 2000 by January 03, New 52 week highs for MSFT, INTC, etc.

Last but not least. This is just my opinion.