ajtj99's Market Pulse

[teaparty]

the validity is the connects of the 2004 lows on log..
Last month...it stopped us...this month may give us that "one more low"...but we ain't goin' to do it unless 850 spx breaks....otherwise we are range bound between 850 and 960..maybe as high as 1010 again...and we'll still need another low as far as my longer term work goes.
If we did see 835 and it held ...the rally could mark the bear bottom..(pun intended) or we are up in an X wave shown on the second chart. That second chart is linear...and I don't mean to confuse...but that TL off the 2004 lows is obviously lower....if spx takes out that 800/809 support I mentioned this morning....then my bias goes to linear..

Meanwhile ....I'm missing this f...cking dump because I'm typing!! lol



http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1994-07-28&i=p73099456061&a=142133285&r=991


http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=7&mn=0&dy=2&i=p49300604897&a=113972872&r=4153

touched...and I hope it breaks...but looks like we are ramping

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=3&i=p84548124339&a=81733073&r=8851