Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Well, I had a target of 275-290 on the BTK for a low in late June, and it hit in July. At that time, AMGN hit $30. I've had pretty good luck with the indices cooperating with their T/A this year.

The SPX charts I look at say 705-715 and as low as 675. The COMP charts I look at say lower also.

Everyone's forgetting we played this game every week in June and July, and every week we kept making new lows.

People were making cracks when I said the COMP would make new lows below the 1192 July low. Why did I say that? Because the NDX made new lower lows in August. That divergence has not lasted at all during this bear.

The COMP, Dow, and NDX have made new lows. Don't think the SPX is immune. Remember recent history, and you will not be made history by this market.