Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

I've been using a monthly NDX wedge chart the last couple months, and we started inside the wedge this month, broke below it, and need to get to 1460 to get back in it to start January.

We had a similar situation in November, and we got back inside it. With the charts looking like they do and basically 6-sessions left in the year, I'm not sure we can dump and recover in the manner in which you're expecting and stay in that wedge. We could drop below it and ride it up, but that would result in lower targets than the COMP 2100 I'm looking for.

We have only 2-1/2 sessions in January before we reach the Wed before options expiration week. That's been an important time frame the past few years, especially when we've been above Max Pain at that time.

I guess I'm looking at the time frame we have to work with and seeing the window of opportunity narrowing for the high.