Replies to post #18570 on Zeev's Turnips Patch-No Politics (ZEEV)

[techanalyst1]

Merq has acted very well, but the volume today hasn't been this low since March when it topped out. Better than going down, but not a fabulous sign for going a whole lot higher short term especially given the drop in the put/call and vix/vxn becoming short term oversold.

Btw... brcd was upgraded by MSDW today. I bet that was the reason for it's sudden strength today.

TA

[slopik]

Zeev - re: ATK

I went short this one today just a little above closing price. Looks to me that 70 provided a lot of support May thru June, and on August 19 (big up day for INDU) it made a run at it (16.95) and fell back. I understand it taking a breather next two days, but would have expected strength in it today. Instead it showed an engulfing black candle. That coupled with yesterday's doji suggests to me it won't double top any time soon, but is headed down from here.

I know you follow this one, and trade it, so would appreciate your IMTO on this one. Anyone else care to chime in I'd appreciate the input.

FWIW, trying to play short the same stocks I've played long on theory I understand their price action a little better. Not playing them based on fundamental weakness, obviously.

TIA.

Pierre