ajtj99's Market Pulse

[mjk]

Right now I'd say I wouldn't even expect today's low to be broken...and I'd go so far to say that if this pattern holds today's low (or about 2050) won't even be touched for another 4-5 weeks. The rally that was supposed to start from the lows was a straight up type, just like we've gotten so far. If it keeps going I'd expect about 3-4 red days in the next 3 weeks, with an upper target around 2245-2260. Then correct back to the 50 day. So far it's done exactly what it should have, keep most everyone waiting to go heavy long, cover shorts, etc.