Replies to post #104032 on Zeev's Turnips Patch-No Politics (ZEEV)

[baletwine]

orkrious....

(nice single post, btw <g>)

neat chart. hard to imagine a whole lot more up from here, but boy have I been wrong about this market, and it has taken me far too long to take off my perma-bear attitude. Actually went long NVLS for a small scalp yesterday, to prove i can do it...

stopped out of today's NVLS short with a tight leash choke chain for only (-.12), so no harm done. Tough being away from the screen most of the time and still make sensible decisions.

-- Bale

[Ace Hanlon]

Interesting chart!

I am convinced we are quite close to a top of some significance. But frankly I am uncertain how serious the next drop will be. A 30-50% retrace or a full scale rout? Wish I knew.

[Zeev Hed]

Who says I am comfortable...

Zeev

[Public Heel]

One possible problem with the measures (New Lows, VIX, BPCOMPQ) that are indicating we're at a top: they are bear market indicators. They all seem to hold for the last three years. What if the market dynamic has switched from bear-market rally to true bull market?