wahz Did you notice this "My backtesting of all prior major bottoms had at least 15% of that group making at least yearly highs within six weeks of the bottom creating a stable leadership taking the averages higher consistently."
I don't know wahz. If he saying now that the pullback will be to 1425, just 75 points from here, versus the nassacre scenario he had before (about 500 points below), I would considering that being bullish. But that's JMHO.
wahz, you can usually find Zeev's latest LT stuff on Kayaker's "A few posts from the turnip patch" board, which is #board-1439
Here's the latest he lists:
... on the first retrace, I expect 1425 to hold, a breach of 1414 could be "problematic, but a change back to full fledge bear requires 1391 to be breached. Full fledged bear could be precipitated by other thngs, not just indices prices, though (I have mentioned few of these in the last few days). #msg-975089
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