Replies to post #77011 on Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

AJT:

Your excellent technical analysis is always appreciated.

[Babylon]

Are you looking to reposition (cover flat to lower) in the next few days in anticipation of this? ....And even go long for it?

[shack]

Careful ajtj, you said the same stuff on Oct 10.-g/ng In this case I agree with you to an extent. There is little evidence of a major (or even a minor) low in place here and I think this thing has a 50% chance of dying before COMP 1330 and the QQQ will face heavy call resistance at the 25 strike price. Volume patterns don't support much of a move up here, nor does sentiment or TA.

[sylvester80]

If wall street was to be convinced that peaceful disarmament and not war was to happen tomorrow, we would run a lot further up than your targets. However, that not being the case, for the very near short term and after the rally Friday, we should be hitting resistance on the upside quite soon.

[wahz]

"People, let's not make this bounce any more complicated than it needs to be"

You may be doing this yourself.
Most abandoned this bounce and expected it wouldn't happen.Now most expect a lot more than should happen.Geez. You are talking 60 spx points approximately for an expiry bounce! And 115 on the nasdaq.and now you are saying a pullback will be a fake out? I'll review some stuff and send it your way..maybe you are right but this is classic crowd action right now

[brainlessone]

any one see ABB's nice base and 20 percent 1 day bump?

need to use etrade.se to see the chart in home currency.