Zeev's Turnips Patch-No Politics (ZEEV)

[1/137]

Well for the record, I'm short and until the charts change I'm staying short.
I see a double high made on 18th and 23rd..with both RSI & MACD divergence from
the high on the 8th, so it's not just the New Highs that I'm looking at.
---
Then we have this Gap Up..across the board & all indexes driven
by futures and some overly dressed up hype taht 87K of new
Jobs is some big deal..
Friday the shorts had their stops took out , ( that's why I don't use stops )
I watched the DJI open at 9600..( they don't show it on the tape
but I saw it ) ..this was distribution into the bubble they set
up..
At any rate a gap up at these levels is going to fill, so the higher we go from here the harder we fall ..
unless at least 2 of the 3 divergences resolve them self I will increase
my short position with any more rally.
----