Zeev's Turnips Patch-No Politics (ZEEV)

[Velociraptor_]

Certainly understand....and I used to have quite a bit of patience on those matters, but I suppose after getting attacked from all sides for being out of step with the market for a short while kind of wears the wall of patience down. Personally, I would rather people communicate and work together.


The prior scenario was based on a triangle pattern I was watching. It looked good up until today when it broke to the downside which did indeed suggest either the pattern failed or we are looking at something else. The technicals on today's decline were actually quite interesting and didn't fit with what I was looking for if the pattern did fail. I did some quick calculations and made a new observation to find a very nice symmetrical pattern in the markets right now. Targeted exactly today as a low at DOW 10,430 +/- and suggests a rally to 11,530 is dead ahead. Multiple patterns target the same area and the fib and timing patterns are too precise and numerous to be coincidence. So, I adapted and adjusted the target to the new pattern. It won't take long to find out if it fails or works, but it sure looks solid for now.