Zeev's Turnips Patch-No Politics (ZEEV)

[Sir Realist]

KG, MIR, TELM, KANA & WEDC look bullish.

Channel parameters are 1440/1410 tomorrow with a secondary floor of 1395 (the 50 ema), and a secondary peak possibility at 1498.

Like you, I would prefer to see the pullback now, to save some upside for later in the qtr., but all we can do is play it as it lays.

However, calculating the bullish stocks against their EMAs, I'm only willing to move off my call for today's peak, by 1 more day.

Tomorrow could really surprise to the upside, however, based on a phenomena I noted during the Nassacre. Simply put, chart from the chart gaps. If we get that monster rally, here's why:



Note that what I propose as our new floor now coincides with the 50 ema. If this breaks, the lower green line would be the secondary, backup floor, on a severe pullback. And since the gap that's been providing our ceiling this week is a closed gap, it's a weak ceiling that could break at any time.

This may not be standard TA, but it worked quite well during the Nassacre decline.

Comments from you and other chartists will be appreciated.