Zeev's Turnips Patch-No Politics (ZEEV)

[sylvester80]

However it is possible to count the "ABC" move a bit differently. From the Oct lows to 1522 is A. From 1522 to 1347/50 is B. And C will be the 1600 move Zeev has been expecting to hit the top of the channel. We crash and burn after that. So I think we first need to see how we handle that lower bollinger band and 50 SMA at the 1347/50 area to know for sure. JMHO.

PS. Also make a note that the close Friday at 1363 was right at the 38.2% fib retracement of the move from the Oct low to 1522, or leg A. Interesting isn't it?