Replies to post #145436 on Zeev's Turnips Patch-No Politics (ZEEV)

[michael03332002]

thanks buddy, have a good evening and thanks for all your help and info

good luck

M

[ajtj99]

Well, due to the Dow ascending triangle and inverse H&S on the 30-minute chart, I'm now biased to up for the next 2-days and probably the next 2-days and 20-minutes <G>.

Ascending triangle on the Dow mesures to around 9395, and the inverse H&S measures to about 9480, a valid test of 9500.

Stuff I've been watching for over a year suggests the Dow will be above 9333 (today's close) intra-day on Friday, and the fact that the 13-EMA on the Dow is at 9326 and has held on a close since early August also factors into this.

TRINQ be damned. We're in the end of the month, and up on low volume and breadth is where it's at.

That said, I think we're in a range of about 100-NDX points over the next 3-weeks. NDX 1260-1375 or so (well, 115 points).

[federal reserves]

Zeev, the top hit in June on the SnP

since then the FED has supplied no coupon passes.

Last one was mid May.

They have been running the REPO's to keep the top alive but no coupons......

Buy signal will not come until they pump again with passes as it did with the Mar/03 lows. They'll hold the Oct/02, Mar/03, uptrend.....

Inflation is rising. Look out below...the FED can't do much now with the coupon passes. Gold will hit new highs....

They have to let the SM tank and provide liquidity.....which they cannot provide....