Replies to post #93234 on Zeev's Turnips Patch-No Politics (ZEEV)

[Babylon]

More life in it meaning....a change in the model (GN-03), or just for today (or both..)?

[was Steve]

Zeev, there is only one day with a higher number of new highs on NYSE than today in the last 9 plus months. on Jan 6th we surged from 69 the day before to 131. my weekly chart says only 117, but i recorded 131 on that day so not sure what the discrepancy is. nevertheless, it can be VERY signicficant imo.
steve

[brightness]

Bulls should be worried when the Turnips turn bullish ;-)

[wahz]

I'll say it again, and yes you are still the best:using expansion of new highs as a guide off of a long term bear market low, even an imtermediate one, is an indicator that should be tossed. It is not a small mistake either, imho. This is exactly what happened in 1975