ajtj99's Market Pulse

[Justa Werkenstiff]

The Nasdaq tentaive Nasdaq sell signal I got on Friday shows excellent signs of confirmation this morning. Will have to wait until the close.

Regarding the signal, I said Monday at the open: "It means upside is capped to the highs of Friday with a possible intraday overshoot before a correction."

Looks good so far as that has actually happened.

As I said yesterday at the close, the indicators strating rolling over but did not negate. Today, so far, they are firming up nicley. Again, will wait for close.

With that said, they will not sell this market down in earnest at least until after more earnings are reported. Nas has an 82% chance of being up tomorrow.

So far, market is giving the predicted prolonged topping process from which it should correct.

All fwiw.