Zeev has turned more positive, which is enough to worry me about the bear case
I agree. He is definitely an incredible day trader. And he has hit some homeruns on market calls. I would love to know how he does his day trading. I've read the majority of his posts for the last two years trying to learn a tidbit here or there, but despite that I could not begin to trade as successfully as he does. I don't know how he does it. But, I've been on the other side of Zeev on the market before and survived so I'll hold firm until the indicators change.
You mentioned new lows yesterday. Here is a link that shows it well (I picked up from ihub also so you may have seen it):
dailyduediligence.com
Stocks above their 200 day average are at the peak of the start of last year's market meltdown:
stockcharts.com[e,a]daclyyay[d20010401,20031231][pb10!b][vc60][iUb14!La12,26,9]&pref=G
Ketan and others that have been discussing the Vix, it is behaving very interesting here. It is showing some bottoming behavior similar to late November'02 and early-mid January'03 prior to the market turning down.
stockcharts.com[e,a]daclyyay[pb7!b20!b12][vc60][iUa20,26,9!Lp39,11,7][J6357448,Y]&pref=G
Vxn on the other hand still appears to be trending down.
stockcharts.com[e,a]daclyyay[pb7!b20!b12][vc60][iUa20,26,9!Lp39,11,7]&pref=G
Tom |
