Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

If TRINQ opens above 2.0, stay short or wait for the next support. If it opens below 1.0, it's a reversal.

That according to the 60-minute TRINQ triangle.

VIX has gone up for 8-straight days off the recent double bottom. Off the Aug and Dec. tops we had 9-days off the VIX bottom until we hit a VIX local top and reversed.

The 9th day is tomorrow.

It could be a red candle (gap down to support and recovery).

Here's a look:

http://stockcharts.com/def/servlet/SC.web?c=$VIX,uu[h,a]daclyiay[pb9!b13!f][vc60][iUb14!La8,17,9]&am...

Someone on another thread I post on mentioned the similarity to early Sept, and it is compelling due to the VIX and oversold condition.

Most of the daily indicators I've looked at compare favorably with April 25 and Sept. 24, 2002. However, the weekly compares closer to end of Jan. 2002.

Kind of a mixed bag, but the VIX appears to be pointing to a gap down in the AM and a recovery later.