Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, I'm leaving open the possibility for an intra-day spike tomorrow to as high as 2016 COMP. We'd drop and close below 2000 if that happened, IMO.

Looking at Les' scans last night, when we have the 10-day highs/lows like they were yesterday, the high normally comes 2-days later (Wednesday) and the high is 10-30 SPX points higher (1078-1080 SPX would be the upside I'd consider), and the dump off that is normally about 20-30 SPX points.

Dates to reference would be Sept. 2, June 4, April 22, March 21 and March 17. Only March 21 was a local high. All the others were exceeded 2-days later.