ajtj99's Market Pulse

[John126]

Yes I agree. I started to look at all the global indexes for hints of where we may get an intermediate bounce since all indexes will bounce.

I remember during the 2002 decline I was a Realmoney subscriber and Gary Smith pulled up long term charts to find 10 year support levels on stocks in the DOW 30 and this seemed to work in finding zones when things were extreme. I started to do the same with the global indexes.

On a contrary note I can not find a single article, blog or anything that says we bounce from the 850 S&P level and thats interesting. Bear markets dont please anybody- bulls or bears.

There is one guy I follow for e-wave counts that has a chance of a corrective wave up from e-mini 840 hit Friday, if that gives a chance at a corrective wave up from 805. If that gives then to 600ish.

Just keeping an eye out and think we are in a zone where something can happen.