ajtj99's Market Pulse

[ajtj99]

BTW, Zeev, you had today pretty well nailed. Nice.

I don't like this high, as we left a multiple top on the Dow at or near 8600 (I won't say "triple top", but you know it's not a good top).

I don't like it either because we did not pierce the upper Bollinger Band on the Daily COMP and NDX chart.

We also did not have a spike high like we do at major tops.

Max Pain on the QQQ's is about 34 for October.

http://finance.yahoo.com/q/os?s=QQQ&m=2003-10-17

The set-up may be we're still in a running flat that concludes with a bang and final higher high in October.