ajtj99's Market Pulse

[porter]

At 1842(where A=C) the long-term up-channel would still be intact for another rise but somehow it all looks too clean. Now if c= 1.6a all hell would break loose and a selling climax would be in order prior to the beginning of the long awaited Summer rally. In any case the COMPQ and the DOW are masking the damage below the surface. IMO it is China's economy and not interest rates that are riling the markets. If China starts to stumble look out(!), but, that may well be sooner than later than most economists are projecting.