Zeev's Turnips Patch-No Politics (ZEEV)

[montanamark]

LG, thxs for your charts. i forgot about that gap from the recent low. yesterday i noticed that the compx and the ndx
appear to have channels developing while the dow and snp appear
to have more troublesome wedge patterns. i previously felt
comfortable trading the compx and qqq as a channel, but i wonder what your thoughts are on that nagging gap. zeev's target numbers also play along with the channel theory. traditionally, once a longer down trend is broken
(i am speaking of the one from May),to maintain the breakout
it must stay above the trendline. in the case of the compx,
even if the channel bottom is broken there is some small room
down before reaching the trend line. the past few weeks i was
under the impression that the dow and snp were stronger than the compx but at present the compx channel looks better than
the dow wedge. we should know on monday if those wedges will hold, but even if they do, we need further breakouts. thxs
again.