Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I would call that wedge a bullish consolidation wedge. I doubt we can declare the "bull dead" unless that major containment zone in the Naz at 1842/50 (essentially 1300 on the NDX) is breached. That 1440/53 on the NDX is now getting to be a "quadruple" top (if 1453 is not taken out soon), and since triple tops are verbotten, quadruple one quadruply so (g).... I think that the big guys on the SPX, are going to take out 1100, and settle that quadruple top with a breakout. That is one reason for my bullishness (bullishity?<g>), in face of lousy P/C readings Friday.