Replies to post #51726 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Yes, a possible scenario, though I have 1378 as the next Maginot. Just took off INTU here at $53.25 for $.71. Difficult to get buckers in down markets...

Zeev

[sylvester80]

I have a bounce to near 1455 then a plunge to near 1344/50, but 1368 should provide some support.

[ardent jd]

ajtj

If we hold here and then trade up tomorrow (maybe a couple of big ifs), we would have a nice bottoming candle in place.

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[h,a]daclyyay[dc][pb50!b200!f][vc60][iUb14!Lp14...

This, along with the recent COMPQ and NDX breach of the 200 MA, would suggest that we have some unfinished business on the upside. It just seems to me that this ugly market could quickly morph into a much more bullish setup. Am I reading this wrong?