ajtj99's Market Pulse

[teaparty]

From the bullish perspective...Unfortunatley...there are a few bullish counts...the most bullish if we are going to make new highs sooner rather than later is if we bottom "x" on the chart...that marks the correction of half of the 3rd wave up in a big ED and the second leg of wave 3 would take us to new highs. Or.......we haven't completed the D wave yet in the big triangle...and we are going up to the 1530/40 area to complete D and then down in E.

What's interesting on a side note...the old saying "Sell in May and go away".....well....you could have gone away until now. If you happened to buy the S&P on May 1....you are breakeven right now.. lol

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=11&dy=3&i=p09345666786&a=113409410&r=7718