Replies to post #397402 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

You got to look at Les numbers, the peak in momentum occurred last week and this week despite higher prints on indices, it is faltering. I think that a close above 2100, if it happens, will be a head fake. But I do not have a "run for the hills" signal either, so maybe a head fake and a retrench of some 60 to 120 Naz points?

[osprey]

2100 NASDAQ is resistance. The double top from earlier 2005. A convincing break above 2100 and nothing but air till 2200. A retrench or bull flag is in order but I thought it was in order at 2024 (earlier congestion) and the NASDAQ just ignored me :>). I'll watch and see how 2100 is handled but can see 2200 or 2300 pretty easy right now.
Absence of fear.
So far it has been low volume, and the CRAPS haven't really run much.

Doesn't make much sense to me given some of the wacky fundamentals, oil high, interest rates cratering, mixed economic signals. On the other hand, when the TA and FA don't match, go with the TA. Without much confidence or enthusiasm, there it is.