Replies to post #392296 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Hi plexxus: I've often found that to be true with the futures; a future will come down sharply, you see a lot of tossing in of the towels, heavy volume and then a nice counter move on light volume.

[ajtj99]

Nice chart, plexxus.

[BuzzOnDaBeach]

Keep in mind the 200 day ema for the COMPQ is about 4 points above the 200 day sma, and the DT line from the 2 yearly highs is about 2 pts. above that.

2006 needs to be taken out on rising volume, IMO, to be real bullish, and I don't see a catalyst for this going into summer.

Or maybe I'm just too bearish.

Buzz

[Zeev Hed]

The BP on the Naz:

http://stockcharts.com/def/servlet/SC.web?c=$BPCOMPQ,uu[w,a]daclyyay[df][pb14!b200!f][vc60][iUb14!La...

Might be supporting your contention, if it keeps above its 14 DMA. Next few days will tell. The 36 or so level s surely sufficient for a bottom, but in the past it has gone lower.

[Dr Stoxx]

Exactly...heavy volume to confirm breakouts and reversals...light volume everywhere else.

TC