Replies to post #55562 on Zeev's Turnips Patch-No Politics (ZEEV)

[odiemutt]

Zeev,
Nasdaq is supposed to drop 16-26 companies from NDX100 tonight.
I guess that's why that index is tanking. May continue to tank until the changes are made as people dump the companies being dropped. Do you concur?

odiemutt

[kevinb]

Zeev,

Supposedly we took an importance support level out today, yet I don't see any evidence of fear or panic in the stocks I am watching (BRCM, MERQ, QCOM) In fact all ended up a good bit above the lows.

Is the consensus then that this is just a "Pierce & Sucker" or is there another logical reason for this behaviour.

Obviously one of the people it hasn't panicked is you. Could you tell us why you are so confident in the face of this technical damage.

Thanks a lot



Kevin