Replies to post #80268 on Zeev's Turnips Patch-No Politics (ZEEV)

[was Steve]

as you know i have been trying to wear horns for last few weeks. Has been very frustrating, but i imagine not as much as what the bears are going thru with the market that wouldn't die.
we had a brief exchange regarding the 1325 area of nas since it was a key support/resistance area. We have now closed above that level 5 of last 6 days and only missed by three points yesterday. I feel like a broken record in saying i think we are headed to 1400 area, but that nagging feeling just doesn't go away.
i was ready to take off the horns on a break of 818 spx this am. we reversed course right there. So, now i remain bullish but in a much more skeptical manner. It is time for market to put up (go up) or shut up (go down).
asia hardly reacting to our reversal. they are probably immune as we have had so many fail over last few months.
steve

[Zeev Hed]

No, just be cautious, I still expect the Nassacre, though we maybe half way through it, maybe a little less. Remember that the greatest damage is often inflicted in the last week or two of the Nassacre (and of each phase), and since phase I may not have more than a week to two and half week (around March 16?) to go, a major counter move akin to the February or May counter moves last year is still possible. I don't have to be cautious, since if I am wrong, I only lose an opportunity to make some gains, those of our bears that are short and are caught in a strong counter move can get hurt.

Zeev