Replies to post #66159 on Zeev's Turnips Patch-No Politics (ZEEV)

[Smart_Money]

Like I said the last few days. Market waiting for the other shoe to drop. We heard the other shoe drop last night.

[chainik]

<I thought we were going higher at the exact peak>

George,

In this market there will be no safe entries on the short side anymore (vix 20, vxn<40 and other indicators pointing to the top). There will be "safe" long entries (vix 150, p/c >2 (ggg)). Still I prefer to short - safer IMO.

[ajtj99]

Well, FWIW, the next points of interest in our journey may be 1327 COMP, 1280 COMP, and 1266 COMP. 1266 appears to be the target in play on this drop, as the 1319-1327 area has already had a double bottom. I don't do triple bottoms <G>.