Replies to post #104917 on Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

TICK was in a 600-800 range, broke up to just under 1000+ at 1:15, dropped back into the range, and now broke to the downside. PREM is down trending off a local high at 1:14. PREM might be trying to bounce now. I don't see how we can go up any higher without Greenie having really good things to say. Don't expect a big sell off, but a pull back and than a wait for CSCO mode.

[Zeev Hed]

Kevin, it can stay overbought for quite sometimes, note that the P/C ratio did not get too extreme in that run up so don't rush to short, if you do, go with "safe one", MMM is probably a little too late (and those that have shorted in the $16/7 area as suggested last week may want to consider putting in a buy around the $120/121 area), but KO, INTC, AA, BA are all still in good range and not too far from a rational stop. I have taken most of the lunch tactics off the table since I expect a sharp relapse to start soon, EXPE just went at $65.53 for $.75 here.

Zeev