Replies to post #86643 on Zeev's Turnips Patch-No Politics (ZEEV)

[profit_guy]

zeev, at would level on the COMP would you be forced to revise your "comfortably below 1260 for next week"? (a close above 1335?)

[pstuartb]

Zeev, thanks. eom

[brightness]

I would like to hear the rationale behind such bearishness. The daily candle on the $INDU is extremely bullish. The $COMPX may have made a double bottom on the daily chart. Where are the Turnip's bearishness coming from? Curious mind would like to know. BTW good call on the bottom yesterday, but I don't quite understand Turnip's timidity after market turns; it seems to happen every time. We were having this debate back in early to middle October laster year, the Turnips turned for relapse after successfully calling the bottom; the relapse never came, well until this past month. 5 month time horizon, I'd hazard to guess is not the time frame that either of us trade on.

[Babylon]

I think you are right, and I alluded to that with a question to you the other day on the matter. If this is the case, then 1250ish/1260ish should replace the original leg I would think. Just a thought..