ajtj99's Market Pulse

[Justa Werkenstiff]

Market: Nothing much has changed for me yet. The Sox did, however, get oversold to produce a buy signal at the open. I took it and have booked profits. Short term sentiment measures are somewhat extended but not yet frothy. The trend on my sentiment indicators has not turned yet to pessimistic and so these spurts of enthusiasm are not unusual. Yet, despite all the noise of the past few weeks, the topping indicator trigger of June 2nd (Comp 1998 was pegged as the high on 6/2) has worked pretty much as scripted and my call that the high on June 8th was it for the move still stands. We shall see....