Replies to post #61715 on Zeev's Turnips Patch-No Politics (ZEEV)

[Rich1]

hmnn....
Well Carpino had the high today at 927.1 we exceeded it but not convincingly..

[Bob Pittsfield]

Zeev,

Right now, I fear that the January rally may stall badly here, it just is not generating the kind of internals I was expecting, it could be one of those "stealth rallies" that slowly slowly gather momentum, but with the paucity of put buying, I would say it is more likely a master fake.

Translation please?(g) Does this mean you feel we may go down from here instead of up?

[hk2]

Let's see one more new HOD on the NAZ100. My QQQ limit short missed by .01 last run. [g]


Jim

[titan3]

Took off ELX here at 21.90

[was Steve]

Zeev, about your comment about internals.

the NYSE and nas both have significantly higher number of highs than on prvious high date of dec 2nd.
what other internals are you referring to?
steve

[ajtj99]

Lots of big caps being bought, but A/D is not very impressive.
Lots of equity calls being bought, but put/call is still pretty high.

Plenty of reason to be cautious here. The volume is dismal for this move to be considered legitimate.

Some technicians would argue that this test of the 1430 area was on higher volume (I'm just guessing that it was based on the low volume we had in Dec). Even if it was higher than Dec. 9, it would be a pretty pathetic test.

SOXX came close to 339, the 50% re-trace off the 393-285 drop.