Replies to post #104247 on Zeev's Turnips Patch-No Politics (ZEEV)

[TREND1]

My God !
You are naked...no suit at all(gggg)
Can you dream up a neutral suit ????

My feelings on the market are seen at #msg-974593
It deals with the Dec 2, 2002 peak.

[Public Heel]

To follow up on that thought (lack of leadership from the DOW): since the 3/12 bottom, only six of the NDX stocks have gone down, and only three have gone down over one percent. In the SPX, it's even more extreme, with only 24 dropping, 18 dropping by more than 1.5%.

Just a guess, but I'd say this is a rally created by massive buying of the QQQ's and SPY's. Whether that somehow makes the rally "phoney" or not, I have no idea...

[Bob Pittsfield]

Zeev, How can you have another "to the hills call". You never brought us down from the last one or two. I am so da**ed far up in the hills now that I look down on where the Old Man was until yesterday.(vbg)

[Bob Pittsfield]

Zeev, How can you have another "to the hills call". You never brought us down from the last one or two. I am so da**ed far up in the hills now that I look down on where the Old Man was until yesterday.(vbg) This is nose bleed territory!

[Babylon]

Zeev, "Mind you I'll be very close to jumping off if some critical levels are breached on any retrace."

It sounds like you give more weight to price when breaking support over when it penetrates resistance... What is the next key level we can be looking at that basically "needs" to hold for you to maintain a neutral stance (assuming little internal improvement)..1416 or? Thanks for keeping us updated on your thoughts.

[mike_m]

Yes well. Welcome aboard to the "I'm not so certain after all" train. We're a couple hundred points up the track but better late than never.

Sorry to see you about ready to dump FSTW. The chart doesn't look pretty but I kinda figure Brock will come up with something to spruce it up...

The breadth in this market on top of the ability to remain overbought for extended periods of time suggests we are indeed in a cyclical bull. I am not a bit disheartened by the low volume which portends a "climb a wall of worry" aspect and I am clearly encouraged by the rising number of new highs. The generals are in front of the troops commanding good order and discipline in the market place...Bad news is even getting good news receptions...

Perhaps we consolidate...Maybe not.