Zeev's Turnips Patch-No Politics (ZEEV)

[LG]

kevnib: I realized I never answered your question. When the market rallied rather than resume the decline that began into the close Friday, it tagged my stop loss points.

When that happened I clovered my positions and reassed my expectation. I decided that the market is still overbought. Friday's decline into the close dropped my shortest-term intra day model into the over sold range, so there was room for some more up at the open today, per my models.

Today's move up and above the in play price patterns resistance lines, drove my shortest-term intra day model back up to the over bought range. That for the most part lined all my intra day models up in or near the over bought range. When that happens they are rarely wrong.

While the breach of the resistance lines of the bearish consolidation patterns may be bullish to some, I just have to go with my models and I reestablished my short positions at slightly higher levels today.

Time will tell if I am just fighting the tape today...gg

Regards,
LG