ajtj99's Market Pulse

[SI_Shack]

I'm not sure I buy the happy family theory on retests of levels based on dates. Big stretch IMO but I'm no expert. Certainly I defer to you. Interesting concept actually and it seems to work for you.

As you know I am EXTREMELY bearish here. Just dig into some stock's charts. We have had major breakdowns in many semis, bios, retailers, the $RUT, and the trannies. Lines are cracking everywhere and the trend looks to be reversing.

At best we could be in some Jell-O and I would entertain this idea more seriously except that I rarely see high volume sell-offs at the beginning of Jell-o. When we had some technical cracks in the summer I suspected Jell-O because of the exact opposite of what's happening down vis-a-vis volume. This is solid heavy selling right now as we have just had a second distributon day in a row.

The way the futes are trading right now I would bet tomorrow is yet another.