Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, looking at the Dow going back about 13-years I've noticed that even when it does reach nosebleed ranges like this, the resulting correction usually drops to the lower BB on the daily chart. If the Dow meanders for a bit and slowly grinds up towards 11,100 by March, the correction might only be 600-points.

Looking at the COMP, if we are in a 5-wave move up, the wave 4 drop should be about 275 points off a major high. I believe that high may occur March 6, and the drop may last until the beginning of June. We'll see.