Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

plexxus, you may want to look at some of those necklines. Many of them are formed at points past the proposed right shoulder on your charts. They should be prior to the right shoulder.

Even the SOX, which could be building an inverse H&S here, lacks some symetry on the right side.

http://stockcharts.com/def/servlet/SC.web?c=$SOX,uu[h,a]dacayyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

We may get inverse H&S formations on the COMP, NDX, and SOX, but I'm not sure they've formed yet. The SPX and Dow seem to be better formed.

The SPX has an ascending formation that appears to target 1135-1136 currently. If there is an inverse H&S on the SPX, the neckline is around 1110. A pullback to test that area would be a logical assumption after a local high. We'll see if it occurs:

http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]dacayyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...