ajtj99's Market Pulse

[ajtj99]

plexxus, I actually looked at most of your charts earlier tonight at Stockcharts (I was updating my watch-list, and you seem to snag a lot of good formations that are moving soon). I was especially intrigued by AUO, PHTN, OSTK, HRT, IIVI, and CCMP.

I think you're probably one of the best I've seen in charting classic T/A patterns, plexxus. I really appreciate all the work you do. It appears you're scalping lots of stuff for 10%-15% here and there. That's nice coin. Congrats!

I was especially surprised that so many charts I looked at last Thursday (and I looked at all the BKX, BTK, Dow, NDX 100, and NWX to name a few) look so much more bullish today.

One thing that's kind of perplexing is whether or not some of these inverse H&S formations I'm seeing on the weekly charts like INTC, KLAC, and INTU are in fact real. I have questions about the QCOM weekly cup & handle as well. The YHOO cup and handle seems real, however.

One strange formation on the weekly is AKAM. That thing looked for a while like a H&S top, but I've got a feeling that stock just finished a wave 4 correction and may take out the highs.

http://stockcharts.com/def/servlet/SC.web?c=akam,uu[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f...

Anyway, it's an interesting juncture in the market right now, and we should see some excitement over the next couple of weeks.

I hope you get a free subscription to Stockcharts soon!