Zeev's Turnips Patch-No Politics (ZEEV)

[TREND1]

aj99
You wrote
Larry, if you look at your SOX scan patterns, you'll see that often times we hit that low range on the 10 and 21-day, bounce, then drop again. This apparent bear flag off the lows seems to be playing into that pattern.


answer:
(1)You may be right.
(2)But right now it looks like 5/3/04 Pivot Low is holding
and getting stronger.IMHO.
(3)As stated on my board the SMH1 stocks are nearly all
breaking their down trend lines on the daily charts.
(4)So far the rally off the 5/3/04 Pivot Low looks playable.
(5)Time will tell.