Replies to post #119215 on Zeev's Turnips Patch-No Politics (ZEEV)

[leptokurtosiss]

ajtj,

1623 COMP is noted; thank you.

COMP just hit the 76.4% retrace @1625+/- in the 1 min chart; Anyone knows Gartley Butterfly here ?

I think it's getting ramp higher into the close, IMHO.

Regards,

Lepto
edit: here comes the 1630+/- ? <G>

[jrintl]

A- I'm having a hard time understanding the application of "if it closes 5-10 pts. above close" trend indicator change in this context.

Last Monday, it made sense, we came way off the high, and that move started the previous day. As it would make sense after a sequence of down days/down move

In this case, this is still within one day of the move, so to call it "trend" would be bit overreaching, no? tia

[Math Junkie]

Well, looks like NDX managed to close three points off the low.