ajtj99's Market Pulse

[ajtj99]

LG, I guess I was most impressed by the high on their chart of 1296 and the fact that we reached 1293 today around the same time.

Lots of what's on that chart is similar to my thinking of how this plays out, with the exception of the move above 1327 and Feb. highs.

For example, he's got a zig-zag on his chart after the high, and I'm looking for a similar result. I'm hoping for 1268-1280-1240-1260-1185 on the SPX, and that's kind of similar to what's on there.

I'm looking for a 2-day 40-point recovery off a 1185 SPX low, and he's got something like that too. I'm looking for a 50% re-trace of that move and he's got that too. From there I'm looking up into January, and he's basically got that also.

Anyway, right now it's fun speculation, but it's good to have a plan to start.