Replies to post #105545 on Zeev's Turnips Patch-No Politics (ZEEV)

[baletwine]

<It's funny they don't mention the 1600 COMP target of that ascending triangle>

Is that what the ascending triangle points to? I'd be impressed if it reaches there, but I've been out of step so far. My guess is traders holding longs now will consider dumping, and the shorts squeezed hard early may have done the covering they are going to do. I see a hippity hop bounce on down for a spell.

I don't see 1425 as so important, but the something closer to the rounder number 1400 -- as a separate note. The 1425 spikes not holding firmly doesn't mean too much, but that's my opinion. We've got no idea how it'll shake out of course, but 1425 could be blown through on a decent downdraft and then have the high 13's hold. What do we know?

-- Bale