Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

There are a couple reasons I can think of that the high may not be in, but they do not make compelling arguments.

1. On a 5-wave move up, today could have finished wave 4,
leaving a 5th wave up.

2. April 30 is the 13th day since the low, and the 144th day
of the move off the 10-10 lows. Fib numbers

3. Dow triple top bugging me, ascending triangle formations
still operative.

4. Test of Dec. tops still lacking. Test of falling resistance
line off the March 2000 highs still lacking.

5. Weekly charts not turning down yet.

Now, there are some very good reasons to believe the top is in:

A. Weekly Reversal sticks on the COMP and NDX:

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

B. SOXX lost 7.5% already and hit a Gartley Bearish Butterfly
target at 349.

C. Daily charts turned down

D. Les' scans reversed back down from record bear market
overbought levels.

E. Brooke's CI's reversed after hitting the 100 level on all
indices for several days.

F. Shack's 40-hour MA Tick Indicator hit its highest level
since the January 2002 top. This has nailed every single
top in the bear within 100-200 Dow points without fail.

G. BPCOMP Double Top

H. BPNDX:VXN Double Top

I. H8's top indicator hit for the NDX with a margin of error
on the close Wednesday of 4-points. This has nailed every
high the past 2-years, and this week's number was the
3rd highest since he started tracking it.

J. Upchannel breached on NDX and COMP 60-minute charts

K. Asia dumping big off their corrections. USA is not immune.

L. Don Sew's Class 1 Sells Wednesday

M. Possibly Larry's BPCOMP Sell Signal

N. 10-Day Up/Down, 5-Day Up/Down in record high territory

O. Monthly 13-EMA on the NDX at 1118 never surpassed in
bear market (well, since October 2000).

P. TNX dumped to new lows for the move and below the 4-10
low.

Q. VXN at record bear market lows and flagging out towards
a possible reversal up.

R. AAII at 63% bulls and only 19% bears. Extreme topping
levels.

S. Possible Ending Diagonal completed on SPX at 922 E's.

T. Pierce above upper BB on COMP and close below, a short
on many mechanical trade systems.

U. Bearish Gartley Butterfly pattern complete at SPX 916 with
reversal back down.

V. Wednesday's high 8-days off the low, a fib number. Also
within the window for the 144-day Fib turn.

W. 9-month cycle hit off the July lows.

X. Tommy Bear Flat Pattern Feb-June, does not allow a rally
to get out of hand.

Anyway, those are a few points I can think of right now.