Replies to post #63416 on Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

not too worried about volume and lack of growth in new highs, because breadth over days has been pretty good. Those can kick in pretty suddenly.In any case, I will look like I have been set on fire if my main indicator turns down, but it won't today, and it is almost sure that it won't Monday.
keep in mind, it can turn down Tuesday, after an early Friday high, so guys bailing now might be right, but I want the stocks to do the work here, and I can't know in advance when it will fall apart on me.

[jdaasoc]

If just plain ignored the dismal jobs report as if it didn't exist, market is flat with S&P up 1.
As long as max pain for S&P JAn is 900 no reason to get excited about upside in near term.

[ik]

Hi Zeev
It looks like your 1st analysis was the correct one, the only thing is that the time frame was one week too early. In my opinion the market has a momentum that will continue (almost
no matter what news - Unless war) to go up and at least for the next week every deep is a buy on the deep. the reason-
many indicators are in neutral but favor the longs. may be we
even reach your 1st target of 1620. wish you the best.
IK

[dave_s]

There appears to be a lot of action around the 1447 number on NAZ. The market seems undecided which way to go.