Replies to post #297575 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Hi plexxus: Thanks for the charts. The Transports are extraordinary. They [suggest] inceasing economic activity, a higher Dow and a return to the White house for Pres. Bush.

[Newly2b]

Yes, so many charts looking ready to break out to the upside or have already. Many triangles and inverse H&S. I usually post my charts here: http://www.ttrader.com/mycharts/ but I'm having some difficulty with the site not showing my charts lately, don't know why.

I'm at 50% cash right now (a little higher than usual) just in case. Of course, when things look too good for going one way, Mr. Market has a way of moving in the opposite direction. Still I agree with you, things look more positive than negative. Uh-oh, hope I didn't jinx it. LOL

Newly

[Col Kilgore]

You're right, I just checked out your page and added a few more setups to the large list I already have, my biggest problem is not having enough time/money to play them all.

[ajtj99]

plexxus, you may want to look at some of those necklines. Many of them are formed at points past the proposed right shoulder on your charts. They should be prior to the right shoulder.

Even the SOX, which could be building an inverse H&S here, lacks some symetry on the right side.

http://stockcharts.com/def/servlet/SC.web?c=$SOX,uu[h,a]dacayyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

We may get inverse H&S formations on the COMP, NDX, and SOX, but I'm not sure they've formed yet. The SPX and Dow seem to be better formed.

The SPX has an ascending formation that appears to target 1135-1136 currently. If there is an inverse H&S on the SPX, the neckline is around 1110. A pullback to test that area would be a logical assumption after a local high. We'll see if it occurs:

http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]dacayyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...