ajtj99's Market Pulse

[ajtj99]

Did you see my AMZN post? That baby may be just getting started.

Fibs are often times operative for swings up and down. We passed the 5 and 8-day points of the rally. The next is the 13-day, which is next Thursday. We should move up until that time, IMO. If this is a real iii of 3, we will not hit Max Pain for expiration this month. If it is just i of 5 up, we should drop for Max Pain. How this acts around the 13-day might be a key.

Lots of the inverse H&S targets are not that high up. INTC's is 30, the NDX is 1512, etc. Were it not for some of those important trendlines, there would probably not be uncertainty about whether we get a re-trace or not.

Enjoy hockey while you can, Shack. After the Wings win the cup, it's probably lockout time.