Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Several of the indicators I watch to confirm bottoms like $BPCOMPQ, NASI say the bottom is not confirmed yet:

BPCOMPQ

http://stockcharts.com/def/servlet/SC.web?c=$BPCOMPQ,uu[h,a]daclyyay[pc20][vc60]&pref=G

NASI:
http://stockcharts.com/def/servlet/SC.web?c=$nasi,uu[h,a]daclyyay[pc20][vc60]&pref=G

This NDX monthly chart says things have not turned up:

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

The NDX weekly ADX is still nowhere near the levels seen in April 2001, and the MACD is still cranking down, indicating the trend is still strong down.

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

The SOXX weekly is still getting nastier:

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

In short, if anything, these indicators point to the trend down as being incomplete. The stop at 1192 may just be a pause before the next drop.

Finally, I like this chart by Savvy charts, which also indicates we're likely going to drop bad:
http://saavycharts.com/

That triangle points to a target of 830 COMP. The last 4-triangles I've seen them post have all met or exceeded their targets. It's just simple T/A.