ajtj99's Market Pulse

[John126]

Dec 2000 highs were early december and the sell off was dramatic. Started 7 days up from the November low after hitting the top of the bolinger bands and hitting the 50 MA:

http://stockcharts.com/h-sc/ui?s=SPY&p=D&st=2000-09-29&en=2001-03-02&id=p30383007921&a=155812813&listNum=1

There was an exhaustion gap up that was filled 2 days later but it did not exceed the day 7 high. We are currently at the 20 MA and about 8% from the 50.

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=2&dy=3&id=p05924057143&a=155812798&listNum=1

Lets see if the advance stops at 7 days from the bottom keeping the same map and a 12/2 turn.

John