Replies to post #107477 on Zeev's Turnips Patch-No Politics (ZEEV)

[leptokurtosiss]

Zeev,

Thanks for the reply. QQQ and COMP don't seem to be able to break above its 61.8% intraday retrench. Lunch has been paled in comparison to the recent memory. If this keeps up till the close, it'll print the bearish engulfing yesterday's doji. The intraday 15 mins chart is approaching the overbought area, whereas the price rarely moves higher. Shouldn't that be extremely negative for the market near term, which may turn into short/intermediate term top if the momentum picks up ?

Thanks again.

Regards,

Lepto