NAZ - 6th breakout today.
I count this as the 6th breakout today (since March low). There is very little to suggest that the pattern will change. Nothing I'd hang my hat on anyway. So, with all due respect to Zeev, I'm back to bullish in the ST (1-5 days) as long as we hold above 1967.
Most immediate target is top of megaphone currently around 2015 and rising steeply. Next target is top of March channel which is way up above 2070 area somewhere. All depends on how many days it takes to get there because it's also rising at a nice angle.
I'm sure Zeev is right and I'm wrong so I expect to get jerked around here. But I gotta go with what I see unless someone can point out something I'm NOT seeing?
ST: hibernating till Sept
IT: hibernating till Sept
LT: Bearish
It's over, yhoo said so.
