Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

JCOM's chart in general smells rotten, apart of an excessively low RSI, it has nothing good going for it. I thought that earnings (and the tax debacle) were discounted and that a potential surprise up will get it to take out $28, I was wrong (and aid dearly for that error, as I should, of course). The question is what next, typically, with an RSI under 30, this stocks makes at least a DCB. I think that if I can get it between $21.5 and $22.50 Monday morning (and I see no major immediate downdraft), I would be buying for a buck or so minirun. If we get indications of a strong opening downdraft, $21.5 might be given up with the next target just around $17....quite a downdraft from the October high just under $48, almost a 2/3 hair cut, reminiscent of the great bear we have been through in the 2000/early 2003 period.

My Q lacks "homogeneity" recently, I have two still in an uptrend (MERQ and BRCM) one neutral and possibly turning up (IACI) and two in a down trend (QLGC and JCOM). Typically, all five need to be in the same modus operandi to do successful lunch tactics, and I fear that the next main event will be congruence of the downtrend in all five. Not very fruitful for lunch tactics.