ajtj99's Market Pulse

[GLENO34]

My guru says we have a med term positive for the market according to his indicators..but said it was not strong enough to change the long term direction which is still down..He has his own indicators and a couple have me considering that we could rally in here..He says it's all up to the Fed and Tuesdays meeting. He said the institutional buyers did not participate in the big upmove Friday morning. In fact he said they sold into it..But he thinks if the Fed issues a stop in interest rate increases we will have a big rally..for weeks to months??? He has two indicators that predicted the down turn of the market and now these same two indicators are slowly improving and could signal a good upmove soon...One is called Advancing Issues Trending..It has been trending up for a couple weeks...And the other is his Long Term Liquidity indicator..It also has been moving up..Those were the two that moved down for several weeks before the market tubed..Sorry for the long winded post...