Replies to post #39677 on Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

My goodness, Augie...look at the number of times its been at the high or low since the two gap ups. Test after test the past week.. If we can break it we can fill a gap, and only if.

[max_powers]

Start the fib. levels on Oct 11th (around 1178) and voila, 1280 is about the 38.2 level. We often do not set the Fib. endpoints at the extremes, esp. for interday trading.

[llewxam]

With a few more lines on your charts, you would have everything covered. That's the problem with your charts. Some people see Jackson Pollack. Others see insanity.

[ardent jd]

Augie,

1280 is also around the 50 sma, which seems to be providing support to the indices as well as a number of important stocks. It is IMO the first important test to show whether this rally has legs.

BTW, is there a way on StockCharts to get an exact figure for the ma (or do I have to upgrade for that as well!)? Thanks.