Replies to post #81593 on Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

Zeev...

I agree completely, and add fundamentals and valuations to your list of reasons.

mlsoft

[gtober]

Zeev, I couldn't agree more. I would also add the number of GPT's, or more specifically, the number of +1200 or higher TICKS. The only real positive argument I can draw from a reading of the market internal indicators, is the NYSE and Nasdaq summation indexes, which are slowly moving higher. Certainly not breaking out, mind you. The same is the case with the McClellan Oscillator.

This is very much like topping action to me. I continue to view this as the formation of a rounded top.

However, the time is approaching for the bears to put up or shut up.

GT

[plexxus]

>>>reiterate the "run to the hills" call>>>

Thanks Zeev for the update. In the way you describe this move it reminds me of someone trying to force a big ball underwater where you push it down and it releases with strong momentum. Perhaps thats whats about to unfold here. I agree the internals are unwinding quite rapidly here on each small move up.