Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

It's really hard to ignore that on the chart I posted the ADX D-has hit -15 or below 6-times since October 10, and all have been pivot highs. The first 5 readings only resulted in 7 down days (not counting the days the highs were set), but the 6th reading on Dec. 2 was a fairly significant pullback.

This indicator I've shown has nailed every pivot high since October. If it's batting 6 for 6 since that time, I'm respecting it.

With the exception of Nov. 11, every low on the ADX D- was contained by the 20 level. The 22-1/2 level has been reached twice (Nov. 11 and after Dec. 2) and breached once (In December).

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]daclyyay[db][pb20!b50!b200!c13!c20!c50!i!d20....

I don't think the current readings should be compared with August and September. They should be compared with Jan. 2002, March 2002, and even Jan. 1999.