Replies to post #79421 on Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

augie...

Nice charts. I do not know when the markets will turn down but I agree with Zeev that it will be soon. There has been a lot of distribution into this rally and I look for it to overtake the buying here soon. If the markets ever get momentum going to the downside it could get ugly quickly.

One thing I expect within the next two weeks (three at most) that could take all the air out of the SOX and NAZ is a warning from INTC. That should be followed by many more warnings between now and earnings reporting season. That is when the grim reaper of reality may rear his head for the market if not sooner.

One thing I disagree with Zeev on at the moment is that I see little hope of an economic rebound of any substance this year.

mlsoft

[plexxus]

Augie excellent work once again...if you have time would appreciate you keeping us up to date when you see significant divergences form as we are seeing here. I trade the divergences and they are a powerful tool. Thanks...

[a/operator]

The Mother of all Indicators -

Nice charts Augieboo - such quality!! Totally in line with the usual quality of your posts.

I have heard several good traders say that the queen of all stock trading indicators is not price, but VOLUME, or perhaps the interplay between the two. Sounds obvious, but volume is often overlooked by many traders, both intraday traders and longterm trend callers. That is why, in my amateur opinion, Mr. Market has not shown us a good bottom yet and why I expect a strong downcurrent during March, barring unexpected war news.

[extelecom]

Tanks Augie, Have a Cyber Bone on Me!

[augieboo]

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