Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

I will now probably get a sell signal at the close. All that means is a downtrend has started AND been confirmed. There is a whipsaw about 1 times in 5, but once the direction has been established for an additional trading day or two, the trend last for 6 weeks on average. The 4 week trend in Dec was pretty short as these things go. It took a perfect storm to go from a solid buy to a mild downtrend in two days.

To get two downtrends in Dec and January stretches the imagination, so I don't feel good about this at all now.
As in Dec, I think I have a high likelihood of a whipwsaw, but I am going to follow it this time. It is even more common than 1 in 5 to get a signal and then have a brief, strong rally that fails, so its going to be dicey for a few days here, much as we want it to be easy.