Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

Looks like a NASDAQ wedge to me, on lower volume to boot. Classical TA says it should break up. The dead fish gave a look at the nasdaq chart and came up with.

1. Current wedge inclined slightly down from Jan top. Break up?
2. No real sign of a classical topping formation > another leg up is in order. At major tops one sees topping formations, blow off tops with a sharp spike, rounded top, double top, complex top with many spikes etc. These are major areas of emotional flux and rarely does the market just quietly and calmly turn the corner and head down.

The 2000 area serves as a strong support so far. If broken another dip down on the wedge. Followed by another run up.
This is a bubble although it looks like it is getting a little tired. I can see 2300 easy, 2500 maybe, 3000 with a tail wind (REAL NOT FAKE favorable economic conditions). The dead fish aren't in the same class as the turnips, why I keep my trader discipline and stop losses handy. It is still a bubble, play it where it lies.