Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, I've got a couple things that point to this ending at COMP 1825/NDX 1355, but we'd drop to make lower lows in the end of August at around NDX 1355 and COMP 1795-1800.

The low 5-day TRINQ is a bit of a problem near term, as is the put/call's lack of an extreme at this level.

A VIX spike to around 19 would get us to the upper channel line on the monthly VIX, and that's not far from today's high:

http://stockcharts.com/def/servlet/SC.web?c=$vix,uu[w,a]mhclyyay[df][pd20,2!f][vc60][ilb14!la12,26,9...

I could see us moving up to as high as COMP 1965 into August 10, then dumping into the end of August for a more lasting low.