Replies to post #273797 on Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

Jer, I agree 1850 is mucho bad, but have a look at what could be another formation building. I think that it would be very diabolical to trap it here.

http://stockcharts.com/webcgi/Pnf.asp?S=$COMPQ&Y=U&B=50&N=A&C=2

[SantaCruz]

Ooooo, now I see. Thanks for the insight. Since we are real close, what happens if we take it out during the day but close above? Is it a breakdown? And if so, how reliable is that signal? In other words, are false breaks possible/common?

[Smart_Money]

I still think the funds are abandoning tech at least until Turkey day. I can't see any compelling reason for them to invest. OTOH, the funds see baby boomers as the best future for growth in Medical/Pharm/Bios.