Replies to post #398800 on Zeev's Turnips Patch-No Politics (ZEEV)

[ogm]

Not exactly. Naz did run 200 points, but the S&P and especcialy the DOW where consolidating in this range around 10,500 and 1200 for quite a few days already. And today looked like they will finaly breaking out of that range to the upside.

And the selling was lead by the leaders.

Psychologicaly it was a great moment for a break out.

The longer stocks stay in this range, unable to move up, while interest rates are moving down the better for the bears.

[Bearmove]

Lets hope it happens before the earning warnings.

[ogm]

With all today's action we still closed with EPC of 0.55. and What is interesting that Comercials are heavily shorting S&P into this rally. Though, they are still net long on NDX.

EPC 21 MA is closing on some serious top levels. Not at extremes yet, but pretty damn close.

http://www.vtoreport.com/sentiment/putcall.htm