Zeev's Turnips Patch-No Politics (ZEEV)

[SI_Shack]

Hi Zeev. Thought I'd share this chart of the SOX with the thread.

While I too have my suspicions that any large down is beginning here, this chart concerns me that we are now pointing down:

http://www.ttrader.com/mycharts/display.php?p=12988&u=shack&a=ShackPack&id=335

If we fall back into the channel I think its lights out for a while. As it is if the lower wedge line goes I think that will be enough for confimation. At this point I would say that 340 simply must hold. As you can tell, I don't take failures lightly.

Intersting in that it is a very similar set-up to the weekly BSTE chart which we discussed last week (about which I think we disagreed-g)