Replies to post #100777 on Zeev's Turnips Patch-No Politics (ZEEV)

[positiontrader]

Zeev,

Do you remember a couple months ago my "through the 200 d ma and not look back for years" scenerio? Granted I was early in my call by a couple months.I think I was the only Bull on the board back then.It looks like it may happen.Time will tell.Of coarse along the way we will have countertrend days like today and corrections.I am short today but will change from USPIX to UOPIX at the close.

Regards

Marc

[TREND1]

WARNING
May issue a major sell today(weeks to months).
Based on turn in $BPCOMPQ
more later...

[brightness]

Fair enough.

[mike_m]

The thing that bothers me most about your contention that this is a bear market rally is that in many respects it does not resemble a bear rally. Typically a bear rally is sharp and shows high volume at the outset. As the rally extends the volume diminishes. Bear rallies lack leadership as new high lists tend to be limited to defensive stocks and fail to expand significantly.

This rally began climbing a wall of worry and did so from pathetic volume. It has gained rather than lost steam and is demonstrating more new highs than it did so back in January yet hasn't reached that peak. Moreover, bear market rallies end as quickly as they begin by turning on a dime and succumbing to an inexorable grinding down...The SARS and economic news should be weighing on this market yet doesn't seem to...

It simply isn't acting like a typical bear market rally...