Replies to post #60146 on Zeev's Turnips Patch-No Politics (ZEEV)

[mjk]

So wahz, have you been exiting your long positions and preparing to go short or are you waiting for a bounce still to exit then go into wait and see or possibly heavy short mode?

[ajtj99]

Well, you've got some blanket statements there, and I'll respond simply by saying that T/A is what's been working and will continue to work in this bear. Everything else is pretty much useless, IMO.

[Alex G]

"...E have never been clean in the history of he stock market, and they may acually be cleaner than average now."

I assume you mean 'earnings' when you say 'E'

I would disagree strongly that earnings are still much more "dirty" than any time in history.

The 90's bubble created so much creative bookkeeping that still exists. Not to mention the outright fraud.

But, it's really more simple to just look at historic valuations, and just compare on a historical basis, if you do that you will see the bubble is still there... The 'E' ain't improving, so the 'Price' still has some catching up to do, to get back to historic levels... the final ugly bottom is a ways off... count on it. I would much prefer that it is not the case, bull markets are more fun and an easier casino to trade, unfortunately we still in da bear

[augieboo]

NDX Chart w/ Multiple Time-Frame Analysis

I'd say this thing is on the bicuspid of a rally.

NDX kissed the LINE OF DOOM today! But I don't think it got a lethal dose yet.





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