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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Bruce A. Thompson who wrote (3105)11/5/2001 2:24:28 PM
From: ajtj99  Read Replies (1) of 99280
 
Bruce, if you measure that neckline on the COMP H&S, I think you pretty much get the December low target that Zeev has.

That said, it may be a complex H&S, which means it may get strung out a bit before the drop from 1628.

I see many are getting jittery here now that we've got new highs today. Please take a look at the put/call ratio and stochastics to put your minds at ease if you're short.

In edit, put/call ratio still has a bit to go for topping out. We may see NDX 1500 and COMPX 1815 as per the turnips.
Interesting that the ratio has gotten less bearish as the day has gone along. However, the SPX is still dragging a bit, and the Dow has not made any higher highs later in the day.
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