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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (255)10/12/2001 3:09:46 AM
From: LTK007  Read Replies (1) of 99280
 
April COMPX move per now--or more meaningless statistics--from 4/4 in 12 days,we were up 36% in 11 trading days when 2202 high was hit on 4/20.We have now moved 23.x% in 15 trading days.To match the 4/4 move we would need hit 1887--the key could be what we do at the 50mda--breakthrough,or fail.
In the april move we entered a tight trading range oscillatting just above and below 50mda(actual high was 2328) until 8/3--when we headed down down down.Max later--additional notes,in 4/4 move we played at having a H&S reversal from 3/7,but never really broke free(were upside some but could not hold).
If we measure frm 8/28 we would need 1933 to get to a H&S reversal decision point.
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