Replies to post #1226 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Good grief, Rich, -19 on the CLX! That usually means a wicked drop and a wicked reversal. Now you tell me! I guess I'll average down in the AM <G>

If memory serves, that extreme number usually coincides with a 150-175 point Dow drop and a strong reversal up, and around a 150-point net gain from the day's close it was attained. That would point to a Dow ramp to around 9250 or so when this is done after a re-test of last week's low.

The COMP equivalent may be a true re-test of the lows at 1336 COMP and 950 NDX. Either way, entries here should be in the black again if this does whipsaw lower and reverse.