Zeev's Turnips Patch-No Politics (ZEEV)

[Bullwinkle]

Now that's profound >8^) Being as many are aware of this pattern, it may not materialize. Also one must take into account that it is an index and a long term pattern that has spanned 2+ years, but the divergences are hard to ignore...



The rising wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.

http://stockcharts.com/education/ChartAnalysis/risingWedge.html