Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

NASDAQ new highs 46, new lows 144 today. Even though the nasdaq closed 35 points up after a weak open. Indicates narrow leadership at least. I see resistance at 2100.

The primary trend has been down since early August at 2200 with a series of lower highs and lower lows. It would have to break 2160 to negate that. Not seeing any indication that the present move is anything other then a countertrend rally and a weak one at that. Also not seeing anything that gives me much forecasting confidence one way or another.